Comment on partisan conflict and private investment

Joao F. Gomes

Journal of Monetary Economics, 2018, vol. 93, issue C, 132-134

Abstract: Private nonresidential investment contracted sharply during the Great Recession in most advanced economies and remains well below its pre-2008 trend. While weakness in business investment naturally accounts for a short term drop in the aggregate demand for goods and services, a persistent decline in new capital formation is also bound to have long lasting effects on an economy’s ability to produce.

Keywords: Investment; Uncertainty; Partisan conflict (search for similar items in EconPapers)
JEL-codes: E3 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:93:y:2018:i:c:p:132-134

DOI: 10.1016/j.jmoneco.2017.10.003

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