Investment Shocks and the Relative Price of Investment
that it is likely to proxy for more fundamental disturbances to the smooth functioning of the fi
nancial sector. To corroborate this interpretation, we show that it correlates strongly with interest rate spreads and that it played a particularly important role in the recession of 2008.
Year of publication: |
2009
|
---|---|
Authors: | Primiceri, Giorgio E. ; Tambalotti, Andrea ; Justiniano, Alejandro |
Institutions: | Society for Economic Dynamics - SED |
Saved in:
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