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Financial Intermediation and Aggregate Fluctuations : A Quantative Analysis
Cooper, Russell - 2010
accumulation process lead to fluctuations in the real returns from intermediated investment. For this economy, we find that the … output, investment is negatively correlated with output, variations in the capital stock are quite large and interest rates …
Persistent link: https://www.econbiz.de/10013138142
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Capital Reallocation and Aggregate Productivity
Cooper, Russell - 2013
This paper studies the interaction between capital reallocation and business cycles. Capital reallocation is pro-cyclical and leads to variations in measured aggregate productivity. Using a simulated method of moments approach, different sources of aggregate fluctuations are studied to assess...
Persistent link: https://www.econbiz.de/10013071893
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On the Nature of Capital Adjustment Costs
Cooper, Russell; Haltiwanger, John - 2021
chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data …
Persistent link: https://www.econbiz.de/10013245099
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Euler-Equation Estimation for Discrete Choice Models : A Capital Accumulation Application
Cooper, Russell - 2013
, which are important for understanding both the dynamics of aggregate investment and the impact of various policies on … estimation of parameters of dynamic optimization problems in which non-convexities lead to extended periods of investment … inactivity. In doing so, we create a method to take into account censored observations stemming from intermittent investment …
Persistent link: https://www.econbiz.de/10013095179