Beaudry, P;
Moura, A;
Portier, F;
(2015)
Reexamining the cyclical behavior of the relative price of investment.
Economics Letters
, 135
pp. 108-111.
10.1016/j.econlet.2015.05.011.
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Abstract
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.
| Type: | Article |
|---|---|
| Title: | Reexamining the cyclical behavior of the relative price of investment |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.econlet.2015.05.011 |
| Publisher version: | http://doi.org/10.1016/j.econlet.2015.05.011 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Relative price of investment, business cycles |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10039991 |
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