Investment Spikes: New Facts and a General Equilibrium Exploration

Anil Kashyap and Francois Gourio

No 148, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: investment, even controlling for past investment and sales. We re-calibrate the Thomas (2002) model (that includes fixed costs of investing) so that it assigns a prominent role to extensive adjustment. The recalibrated model has very different properties than the standard RBC model for some shocks.

Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (118)

Downloads: (external link)
https://red-files-public.s3.amazonaws.com/meetpapers/2007/paper_148.pdf (application/pdf)

Related works:
Journal Article: Investment spikes: New facts and a general equilibrium exploration (2007)
Working Paper: INVESTMENT SPIKES: NEW FACTS AND A GENERAL EQUILIBRIUM EXPLORATION (2007)
Working Paper: Investment Spikes: New Facts and a General Equilibrium Exploration (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed007:148

Access Statistics for this paper

More papers in 2007 Meeting Papers from Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().