Reexamining the cyclical behavior of the relative price of investment

Paul Beaudry, Alban Moura and Franck Portier
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Paul Beaudry: UBC - University of British Columbia [Canada], NBER - The National Bureau of Economic Research
Franck Portier: TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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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: Investment shocks; Business cycles; Relative price of investment (search for similar items in EconPapers)
Date: 2015-10
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Published in Economics Letters, 2015, 135, pp.108-111. ⟨10.1016/j.econlet.2015.05.011⟩

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Related works:
Journal Article: Reexamining the cyclical behavior of the relative price of investment (2015)
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:hal:journl:hal-05527602

DOI: 10.1016/j.econlet.2015.05.011

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