Reexamining the cyclical behavior of the relative price of investment

Paul Beaudry, Alban Moura and Franck Portier ()

Economics Letters, 2015, vol. 135, issue C, 108-111

Abstract: We document the cyclical behavior of the relative price of investment goods for the US economy over the last fifty years. There is no robust evidence that this relative price is countercyclical. For the post-1983 period, it is predominantly procyclical.

Keywords: Relative price of investment; Business cycles; Investment shocks (search for similar items in EconPapers)
JEL-codes: E3 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)

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Related works:
Working Paper: Reexamining the Cyclical Behavior of the Relative Price of Investment (2014)
Working Paper: Reexamining the Cyclical Behavior of the Relative Price of Investment (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:135:y:2015:i:c:p:108-111

DOI: 10.1016/j.econlet.2015.05.011

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