Investment shocks, sticky prices, and the endogenous relative price of investment
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DOI: 10.1016/j.red.2017.11.004
Abstract: This paper estimates a two-sector DSGE model of the U.S. economy with two key ingredients: (i) an explicit distinction between shocks to investment demand and shocks to investment supply; (ii) sector-specific pricing frictions. According to… read more here.
Keywords: investment shocks; relative price; investment; price investment ... See more keywords