메뉴 건너뛰기




Volumn 54, Issue SUPPL., 2007, Pages 1-22

Investment spikes: New facts and a general equilibrium exploration

Author keywords

Adjustment costs; Extensive margin; Fixed costs; Investment tax credit

Indexed keywords


EID: 34547697767     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2007.06.004     Document Type: Article
Times cited : (91)

References (25)
  • 1
    • 34547711269 scopus 로고    scopus 로고
    • Abel, A.B., Eberly, J.C., 2002. Investment and q with fixed costs: an empirical analysis. Working Paper, Wharton School.
  • 2
    • 34547708966 scopus 로고    scopus 로고
    • Bachmann, R., Caballero, R.J., Engel, E.M.R.A., 2006. Lumpy investment in dynamic general equilibrium. Working Paper, MIT.
  • 3
    • 34547716561 scopus 로고    scopus 로고
    • Micro and macro data integration: the case of capital
    • Jorenson D., Landefeld S., and Nordhaus W. (Eds), University of Chicago Press, Chicago
    • Becker R., Haltiwanger J., Jarmin R., Klimek S., and Wilson D. Micro and macro data integration: the case of capital. In: Jorenson D., Landefeld S., and Nordhaus W. (Eds). A New Architecture for the US National Accounts (2006), University of Chicago Press, Chicago 541-609
    • (2006) A New Architecture for the US National Accounts , pp. 541-609
    • Becker, R.1    Haltiwanger, J.2    Jarmin, R.3    Klimek, S.4    Wilson, D.5
  • 4
    • 38249030430 scopus 로고
    • Alternative nonnested specification tests of time series investment models
    • Bernanke B.S., Bohn H., and Reiss P.C. Alternative nonnested specification tests of time series investment models. Journal of Econometrics 37 2 (1988) 293-326
    • (1988) Journal of Econometrics , vol.37 , Issue.2 , pp. 293-326
    • Bernanke, B.S.1    Bohn, H.2    Reiss, P.C.3
  • 5
    • 34547718962 scopus 로고    scopus 로고
    • Bloom, N., 2006. The impact of uncertainty shocks: firm level estimation and a 9/11 simulation. Mimeo, Stanford University.
  • 7
    • 0000047175 scopus 로고    scopus 로고
    • Explaining investment dynamics in US manufacturing: a generalized (S, s) approach
    • Caballero R.J., and Engel E.M.R.A. Explaining investment dynamics in US manufacturing: a generalized (S, s) approach. Econometrica 67 July (1999) 783-826
    • (1999) Econometrica , vol.67 , Issue.July , pp. 783-826
    • Caballero, R.J.1    Engel, E.M.R.A.2
  • 8
    • 34547707367 scopus 로고    scopus 로고
    • Caballero, R.J., Engel, E.M.R.A., Haltiwanger, J.C., 1995. Plant-level adjustment and aggregate investment dynamics. Brookings Papers on Economic Activity, No. 2, pp. 1-54.
  • 10
    • 0000096937 scopus 로고    scopus 로고
    • Machine replacement and the business cycle: lumps and bumps
    • Cooper R.W., Haltiwanger J.C., and Power L. Machine replacement and the business cycle: lumps and bumps. American Economic Review 89 4 (1999) 921-946
    • (1999) American Economic Review , vol.89 , Issue.4 , pp. 921-946
    • Cooper, R.W.1    Haltiwanger, J.C.2    Power, L.3
  • 11
    • 0001336356 scopus 로고    scopus 로고
    • Capital adjustment patterns in manufacturing plants
    • Doms M., and Dunne T. Capital adjustment patterns in manufacturing plants. Review of Economic Dynamics 1 April (1998) 409-429
    • (1998) Review of Economic Dynamics , vol.1 , Issue.April , pp. 409-429
    • Doms, M.1    Dunne, T.2
  • 12
    • 0040322024 scopus 로고    scopus 로고
    • State-dependent pricing and the general equilibrium dynamics of money and output
    • Dotsey M., King R.G., and Wolman A.L. State-dependent pricing and the general equilibrium dynamics of money and output. Quarterly Journal of Economics 114 May (1999) 655-690
    • (1999) Quarterly Journal of Economics , vol.114 , Issue.May , pp. 655-690
    • Dotsey, M.1    King, R.G.2    Wolman, A.L.3
  • 13
    • 34547694800 scopus 로고    scopus 로고
    • Fuentes, O., Gilchrist, S., Rysman, M., 2006. Irreversibility and investment dynamics for Chilean manufacturing plants. Mimeo, Boston University.
  • 14
    • 34547713584 scopus 로고    scopus 로고
    • Gourio, F., Kashyap, A.K., 2007. Investment spikes: new facts and a general equilibrium exploration. National Bureau of Economic Research Working Paper 13157.
  • 15
    • 33751189676 scopus 로고
    • Indivisible labor and the business cycle
    • Hansen G.D. Indivisible labor and the business cycle. Journal of Monetary Economics 16 (1985) 309-327
    • (1985) Journal of Monetary Economics , vol.16 , pp. 309-327
    • Hansen, G.D.1
  • 17
    • 34547712041 scopus 로고    scopus 로고
    • Hsieh, C.-T., Parker, J.A., 2006. Taxes and growth in a financially underdeveloped country: evidence from the Chilean investment boom. NBER Working Paper 12104.
  • 18
    • 34547719758 scopus 로고    scopus 로고
    • Khan, A., Thomas, J.K., 2005. Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics. Mimeo.
  • 19
    • 34547722795 scopus 로고    scopus 로고
    • Klenow, P.J., Kryvtsov, O., 2005. State-dependent or time-dependent pricing: does it matter for recent US inflation? NBER Working Paper 11043.
  • 20
    • 0000706085 scopus 로고
    • A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix
    • Newey K.D., and West W.K. A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix. Econometrica 55 3 (1987) 703-708
    • (1987) Econometrica , vol.55 , Issue.3 , pp. 703-708
    • Newey, K.D.1    West, W.K.2
  • 21
    • 21844525014 scopus 로고
    • New and old models of business investment: a comparison of forecasting performance
    • Oliner S.D., Rudebusch G.D., and Sichel D.E. New and old models of business investment: a comparison of forecasting performance. Journal of Money, Credit, and Banking 27 August (1995) 806-832
    • (1995) Journal of Money, Credit, and Banking , vol.27 , Issue.August , pp. 806-832
    • Oliner, S.D.1    Rudebusch, G.D.2    Sichel, D.E.3
  • 22
    • 34547718048 scopus 로고    scopus 로고
    • Prescott, E.C., 2003. Non-convexities in quantitative general equilibrium studies of business cycles. Working Paper.
  • 23
    • 34147175261 scopus 로고
    • Indivisible labor, lotteries, and equilibrium
    • Rogerson R. Indivisible labor, lotteries, and equilibrium. Journal of Monetary Economics 21 (1988) 3-16
    • (1988) Journal of Monetary Economics , vol.21 , pp. 3-16
    • Rogerson, R.1
  • 24
    • 34547805559 scopus 로고    scopus 로고
    • Sveen, T., Weinke, L., 2007. Lumpy investment, sticky prices, and the monetary transmission mechanism. Journal of Monetary Economics, this issue, doi:10.1016/j.jmoneco.2007.06.016.
  • 25
    • 0036313273 scopus 로고    scopus 로고
    • Is lumpy investment relevant for the business cycle
    • Thomas J.K. Is lumpy investment relevant for the business cycle. Journal of Political Economy CX (2002) 508-534
    • (2002) Journal of Political Economy , vol.CX , pp. 508-534
    • Thomas, J.K.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.