| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12336 |
| 来源ID | Working Paper 12336 |
| Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model | |
| Ruediger Bachmann; Ricardo J. Caballero; Eduardo M.R.A. Engel | |
| 发表日期 | 2006-06-26 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The sensitivity of U.S. aggregate investment to shocks is procyclical: the initial response increases by approximately 50% from the trough to the peak of the business cycle. This feature of the data follows naturally from a DSGE model with lumpy microeconomic capital adjustment. Beyond explaining this specific time variation, our model and evidence provide a counterexample to the claim that microeconomic investment lumpiness is inconsequential for macroeconomic analysis. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Business Cycles ; Fiscal Policy |
| URL | https://www.nber.org/papers/w12336 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569993 |
| 推荐引用方式 GB/T 7714 | Ruediger Bachmann,Ricardo J. Caballero,Eduardo M.R.A. Engel. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12336.pdf（309KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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