Matches in SemOpenAlex for { <https://semopenalex.org/work/W2940222703> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W2940222703 abstract "Abstract In order to identify investment-specific technology (IST), most DSGE models assume a perfect inverse relationship between IST and the relative price of investment (RPI). This paper explores this relationship and provides evidence that the RPI also responds to changes in market power, which I find constitutes a third of volatility in the RPI. To corroborate this conclusion, two competing models are produced; the first is a two-sector model with a wedge separating the identification of IST with the inverse of the RPI. The RPI wedge is then estimated using Bayesian estimation techniques. A second, richer two-sector model is produced, where firms can vary markups depending on the number of competitors. This paper finds that changes in relative markups are highly correlated with the RPI wedge and help explain the sudden increase in the RPI following the Great Recession in the United States. In addition, with endogenous price markups, non-IST shocks can explain over a third of the volatility observed in the RPI, with marginal efficiency of investment contributing approximately 30 percent of the volatility in the RPI." @default.
- W2940222703 created "2019-04-25" @default.
- W2940222703 creator A5081871933 @default.
- W2940222703 date "2019-04-17" @default.
- W2940222703 modified "2023-09-26" @default.
- W2940222703 title "What does a relative price of investment wedge reveal about the role of investment-specific technology?" @default.
- W2940222703 cites W1969341825 @default.
- W2940222703 cites W1978165380 @default.
- W2940222703 cites W1985130276 @default.
- W2940222703 cites W2060988880 @default.
- W2940222703 cites W2075612004 @default.
- W2940222703 cites W2109155413 @default.
- W2940222703 cites W2110893658 @default.
- W2940222703 cites W2137289547 @default.
- W2940222703 cites W2168446738 @default.
- W2940222703 cites W3122454165 @default.
- W2940222703 cites W3123970111 @default.
- W2940222703 cites W3124025887 @default.
- W2940222703 cites W3126086734 @default.
- W2940222703 doi "https://doi.org/10.1515/bejm-2018-0177" @default.
- W2940222703 hasPublicationYear "2019" @default.
- W2940222703 type Work @default.
- W2940222703 sameAs 2940222703 @default.
- W2940222703 citedByCount "0" @default.
- W2940222703 crossrefType "journal-article" @default.
- W2940222703 hasAuthorship W2940222703A5081871933 @default.
- W2940222703 hasConcept C105795698 @default.
- W2940222703 hasConcept C107673813 @default.
- W2940222703 hasConcept C126285488 @default.
- W2940222703 hasConcept C139719470 @default.
- W2940222703 hasConcept C149782125 @default.
- W2940222703 hasConcept C162324750 @default.
- W2940222703 hasConcept C17744445 @default.
- W2940222703 hasConcept C185782297 @default.
- W2940222703 hasConcept C199539241 @default.
- W2940222703 hasConcept C27548731 @default.
- W2940222703 hasConcept C33923547 @default.
- W2940222703 hasConcept C489367 @default.
- W2940222703 hasConcept C556758197 @default.
- W2940222703 hasConcept C91602232 @default.
- W2940222703 hasConcept C94625758 @default.
- W2940222703 hasConceptScore W2940222703C105795698 @default.
- W2940222703 hasConceptScore W2940222703C107673813 @default.
- W2940222703 hasConceptScore W2940222703C126285488 @default.
- W2940222703 hasConceptScore W2940222703C139719470 @default.
- W2940222703 hasConceptScore W2940222703C149782125 @default.
- W2940222703 hasConceptScore W2940222703C162324750 @default.
- W2940222703 hasConceptScore W2940222703C17744445 @default.
- W2940222703 hasConceptScore W2940222703C185782297 @default.
- W2940222703 hasConceptScore W2940222703C199539241 @default.
- W2940222703 hasConceptScore W2940222703C27548731 @default.
- W2940222703 hasConceptScore W2940222703C33923547 @default.
- W2940222703 hasConceptScore W2940222703C489367 @default.
- W2940222703 hasConceptScore W2940222703C556758197 @default.
- W2940222703 hasConceptScore W2940222703C91602232 @default.
- W2940222703 hasConceptScore W2940222703C94625758 @default.
- W2940222703 hasLocation W29402227031 @default.
- W2940222703 hasOpenAccess W2940222703 @default.
- W2940222703 hasPrimaryLocation W29402227031 @default.
- W2940222703 hasRelatedWork W1509718503 @default.
- W2940222703 hasRelatedWork W1693928253 @default.
- W2940222703 hasRelatedWork W2060988880 @default.
- W2940222703 hasRelatedWork W2133029474 @default.
- W2940222703 hasRelatedWork W2255406916 @default.
- W2940222703 hasRelatedWork W2273591302 @default.
- W2940222703 hasRelatedWork W2552928125 @default.
- W2940222703 hasRelatedWork W2589222398 @default.
- W2940222703 hasRelatedWork W2886464521 @default.
- W2940222703 hasRelatedWork W2978881090 @default.
- W2940222703 hasRelatedWork W3022409350 @default.
- W2940222703 hasRelatedWork W3121149687 @default.
- W2940222703 hasRelatedWork W3122398575 @default.
- W2940222703 hasRelatedWork W3124761855 @default.
- W2940222703 hasRelatedWork W3124831282 @default.
- W2940222703 hasRelatedWork W3130990039 @default.
- W2940222703 hasRelatedWork W318412853 @default.
- W2940222703 hasRelatedWork W42459652 @default.
- W2940222703 hasRelatedWork W2184656712 @default.
- W2940222703 hasRelatedWork W3125028072 @default.
- W2940222703 isParatext "false" @default.
- W2940222703 isRetracted "false" @default.
- W2940222703 magId "2940222703" @default.
- W2940222703 workType "article" @default.