Guerrieri, Luca; Henderson, Dale; Kim, Jinill - Federal Reserve Board (Board of Governors of the … - 2010
Investment-specific technology (IST) shocks are often interpreted as multi-factor productivity (MFP) shocks in a … separate investment-producing sector. However, this interpretation is strictly valid only when some stringent conditions are … effects of IST shocks in a one-sector model differ from those of MFP shocks to an investment-producing sector of a two …