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• W2144625816 abstract "This is a quantitative investigation of the importance of technological change specific to new investment goods for postwar US aggregate fluctuations. A growth model that incorporates this form of technological change is calibrated to US data and simulated, using the relative price of new equipment to identify the process driving investment-specific technology shocks. The analysis suggests that this form of technological change is the source of about 30% of output fluctuations." @default.
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• W2144625816 date "2000-01-01" @default.
• W2144625816 modified "2023-10-16" @default.
• W2144625816 title "The role of investment-specific technological change in the business cycle" @default.
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• W2144625816 doi "https://doi.org/10.1016/s0014-2921(98)00058-0" @default.
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