Reexamining the cyclical behavior of the relative price of investment

被引：12

作者：

Beaudry, Paul ^{[1
,2
]}

Moura, Alban ^{[3
]}

Portier, Franck ^{[3
,4
]}

机构：

[1] Univ British Columbia, Vancouver Sch Econ, Vancouver, BC V5Z 1M9, Canada

[2] NBER, Cambridge, MA 02138 USA

[3] Toulouse Sch Econ, Toulouse, France

[4] CEPR, Barcelona, Spain

来源：

ECONOMICS LETTERS | 2015年 / 135卷

关键词：

Relative price of investment; Business cycles; Investment shocks;

D O I：

10.1016/j.econlet.2015.05.011

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We document the cyclical behavior of the relative price of investment goods for the US economy over the last fifty years. There is no robust evidence that this relative price is countercyclical. For the post-1983 period, it is predominantly procyclical. (c) 2015 Elsevier B.V. All rights reserved.

引用

页码：108 / 111

页数：4

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