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How Important Is Discrete Adjustment in Aggregate Fluctuations?

In: Growth and Productivity in East Asia, NBER-East Asia Seminar on Economics, Volume 13

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  • Andrew Caplin
  • John Leahy

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This chapter was published in:

  • Takatoshi Ito & Andrew K. Rose, 2004. "Growth and Productivity in East Asia, NBER-East Asia Seminar on Economics, Volume 13," NBER Books, National Bureau of Economic Research, Inc, number ito_04-2.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 10753.

    Handle: RePEc:nbr:nberch:10753

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    1. Russell W. Cooper & John C. Haltiwanger, 2006. "On the Nature of Capital Adjustment Costs," Review of Economic Studies, Oxford University Press, vol. 73(3), pages 611-633.
    2. Caballero, Ricardo J, 1993. "Durable Goods: An Explanation for Their Slow Adjustment," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 101(2), pages 351-84, April.
    3. Giuseppe Bertola & Ricardo J. Caballero, 1990. "Kinked Adjustment Costs and Aggregate Dynamics," NBER Chapters, in: NBER Macroeconomics Annual 1990, Volume 5, pages 237-296 National Bureau of Economic Research, Inc.
    4. Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, American Economic Association, vol. 87(1), pages 115-37, March.
    5. repec:fth:coluec:465 is not listed on IDEAS
    6. Bar-Ilan, Avner & Blinder, Alan S, 1992. "Consumer Durables: Evidence on the Optimality of Usually Doing Nothing," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 24(2), pages 258-72, May.
    7. Jerome Adda & Russell Cooper, 2000. "The Dynamics of Car Sales: A Discrete Choice Approach," NBER Working Papers 7785, National Bureau of Economic Research, Inc.
    8. Mark Bils & Peter J. Klenow, 1998. "Using Consumer Theory to Test Competing Business Cycle Models," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 106(2), pages 233-261, April.
    9. Chah, Eun Young & Ramey, Valerie A & Starr, Ross M, 1995. "Liquidity Constraints and Intertemporal Consumer Optimization: Theory and Evidence from Durable Goods," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 27(1), pages 272-87, February.
    10. Andrew Caplin & John Leahy, 1997. "Aggregation and Optimization with State-Dependent Pricing," Econometrica, Econometric Society, Econometric Society, vol. 65(3), pages 601-626, May.
    11. Russell Cooper & John Haltiwanger & Laura Power, 1995. "Machine Replacement and the Business Cycle: Lumps and Bumps," Papers, Boston University - Industry Studies Programme 0062, Boston University - Industry Studies Programme.
    12. Julia K. Thomas, 2002. "Is lumpy investment relevant for the business cycle?," Staff Report, Federal Reserve Bank of Minneapolis 302, Federal Reserve Bank of Minneapolis.
    13. Andrew C. Caplin & Daniel F. Spulber, 1987. "Menu Costs and the Neutrality of Money," NBER Working Papers 2311, National Bureau of Economic Research, Inc.
    14. Andrew Caplin & John Leahy, 1999. "Durable Goods Cycles," NBER Working Papers 6987, National Bureau of Economic Research, Inc.
    15. Caplin, Andrew & Leahy, John, 1991. "State-Dependent Pricing and the Dynamics of Money and Output," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 106(3), pages 683-708, August.
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