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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.
Year of publication:
1996-04
Authors: West, Kenneth D. ; Kiyotaki, Nobuhiro
Institutions: National Bureau of Economic Research (NBER)
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Type of publication: Book / Working Paper
Notes:
EFG published as <a href="http://www.nber.org/chapters/c11031">Business Fixed Investment and the Recent Business Cycle in Japan</a>, Nobuhiro Kiyotaki, Kenneth D. West. in <a href="http://www.nber.org/books/bern96-1">NBER Macroeconomics Annual 1996, Volume 11</a>, Bernanke and Rotemberg. 1996 Number 5546
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Persistent link: https://www.econbiz.de/10005084812
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