| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10128 |
| DP10128 Reexamining the Cyclical Behavior of the Relative Price of Investment | |
| Franck Portier; Paul Beaudry | |
| 发表日期 | 2014-09-14 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We document the cyclical behavior of several measures of the relative price of investment goods for the U.S. economy over the last fifty years. Our main result is that there is no robust evidence that this relative price is countercyclical in the data. Furthermore, for the recent (post-Volcker) period, the relative price of investment appears predominantly procyclical. When looking at more disaggregated series, most measures are procyclical, a few acyclical, and only the price of equipment is countercyclical for some periods and measures. The procyclical behavior of the relative price of aggregate investment is also found for the six other countries of the G7. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Relative price of investment |
| URL | https://cepr.org/publications/dp10128 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538961 |
| 推荐引用方式 GB/T 7714 | Franck Portier,Paul Beaudry. DP10128 Reexamining the Cyclical Behavior of the Relative Price of Investment. 2014. |
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