Two Cheers for the Aggregated (S, s) Model!

Richard Holt

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

Abstract: Aggregated (S;s) models purport to provide a structural, microfounded and statistically robust explanation of aggregate investment uctuations. In this paper I analyse these claims, present several empirical puzzles ari ng from the model and discuss hoe the model might be extended to account for these puzzles.

Keywords: economic fluctuations; investment; factor demand; aggregated (S; s) rules; model specification (search for similar items in EconPapers)
JEL-codes: C52 E22 (search for similar items in EconPapers)
Pages: 31
Date: 2000-12
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Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:56

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