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

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