and the relative price of investment to investigate the relationship between neutral technology and investment … algorithms. The results indicate that total factor productivity and the relative price of investment are, each, well … technology and investment-specific technology follow independent processes is not supported by the features of the time series …

Various papers have identified shocks to investment as major drivers of output, investment, hours, and interest rates …. These investment shocks have been linked to financial frictions because financial markets are instrumental in transforming … consumption goods into installed capital. However, the importance of investment shocks is not robust once we explicitly account …

We study the effects of financial uncertainty on investment dynamics in the U.S. using a vector autoregression with … investment. These effects have declined in the post-WWII period but became more pronounced in the presence of the zero lower …

openness and the investment share in GDP …

We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world …

(output, consumption, and investment) and financial variables (equity and house prices, and interest rates). We find that the …

the reduced form VARMA compared to VAR alternatives advocates the suitability of this framework. We specifically account …