Article ID Journal Published Year Pages File Type
966969 Journal of Monetary Economics 2012 12 Pages PDF
Abstract
► Microeconomic investment frictions explain aggregate investment dynamics. ► Capital adjustment costs can generate hump-shaped investment impulse responses. ► A model with lumpiness reproduces the autocorrelation of aggregate investment growth.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Lumpiness, capital adjustment costs and investment dynamics
Authors
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