Justiniano, Alejandro; Primiceri, Giorgio; Tambalotti, … - In: Review of Economic Dynamics 14 (2011) 1, pp. 101-121
We estimate a New-Neoclassical Synthesis business cycle model with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. The second shock affects the...