Tools
Tools
Moura, Alban
(2015)
Investment Price Rigidities and Business Cycles.
TSE Working Paper, n. 15-612, Toulouse
Preview |
Text
Download (526kB) | Preview |
Official URL : http://tse-fr.eu/pub/29964
Abstract
I incorporate investment price rigidity in a two-sector monetary model of business cycles. Fit to quarterly U.S. time series, the model suggests that price sluggishness in the investment sector is the single most empirically relevant friction to match the data. Sticky investment prices constitute an important propagation mechanism to understand the sources of aggregate fluctuations, the dynamic effects of technology shocks, and the properties of the relative price of investment goods.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | November 2015 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | Multisector DSGE model, investment price stickiness, relative price of investment |
| JEL Classification: | E3 - Prices, Business Fluctuations, and Cycles E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 13 Jun 2016 09:58 |
| Last Modified: | 02 Apr 2021 15:50 |
| OAI Identifier: | oai:tse-fr.eu:29964 |
| URI: | https://publications.ut-capitole.fr/id/eprint/19158 |
