Business Fixed Investment and the Recent Business Cycle in Japan

To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply a loglinear flexible accelerator model. We find that movements in business fixed investment are consistent with movements in output and the tax- adjusted cost of capital, both on average during our entire 1961-94 sample and during the recent 1986-94 business cycle

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Year of publication:	2010
Authors:	Kiyotaki, Nobuhiro
Other Persons:	West, Kenneth D. (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Japan \| Konjunktur \| Business cycle \| Investition \| Investment

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Extent:	1 Online-Ressource (52 p)
Series:	NBER Working Paper ; No. w5546
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 1996 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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