Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
By Ruediger Bachmann, Ricardo J. Caballero, Eduardo Engel. 2013
197 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/5dfa0e154f72d1eb2c9a592862d64f4b46c399be
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Joseph Vavra
- Christian Bayer
- Ruediger Bachmann
- Muhammad Shahbaz
- Nicholas Bloom
- Sakiru Adebola Solarin
- Ilhan Ozturk
- Piergiorgio Alessandri
Citations in the corpus
- Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation* (2014, background): “Following Bachmann, Caballero, and Engel (2010), I can back out aggregate shocks from the model to fit U.S. time-series data and then compute how the output response to nominal shocks varies across time.31 Given the sequence of aggregate shocks, I can then calculate the output impulse response for…”
- Investmentless Growth: An Empirical Investigation (2016, unknown): “First, increased uncertainty due to regulation may restrain investment if economic agents are uncertain about future payo s (though this might be priced in) [Bernanke, 1983, Dixit and Pindyck, 1994].16 Second, increased regulation and decreased antitrust enforcement may sti e competition. Grullon et”
- Investment Dispersion and the Business Cycle (2011, background): “We follow closely Khan and Thomas (2008) and Bachmann et al. (2013a). The main departure from both papers is the introduction of a second aggregate shock, namely, time-varying idiosyncratic productivity risk.”
- ‘Wait-and-See’ business cycles? (2013, methodology): “3 Bachmann et al. (2013a, 2013b) show for the VAR from Bloom (2009) that uncertainty shocks identified by innovations to stock market volatility on average do not explain more than five percent of output variance at any horizon, while using uncertainty measures based on business forecasts,…”
- Really Uncertain Business Cycles (2012, unknown): “7See for example, Thomas (2002), Veraciertio (2002), Kahn and Thomas (2008 and 2011), Bachman et al. (2008), and House (2008).”