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Investment spikes: New facts and a general equilibrium exploration

Listed author(s):
  • Gourio, Francois
  • Kashyap, Anil K

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.

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Article provided by Elsevier in its journal Journal of Monetary Economics.

Volume (Year): 54 (2007)
Issue (Month): Supplement 1 (September)
Pages: 1-22

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Handle: RePEc:eee:moneco:v:54:y:2007:i:sup1:p:1-22
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505566

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