-2000 sample, the initial response of investment to a productivity shock with responses in the top quartile is 60% higher than the … shock. Conversely, a slowdown after a boom can lead to a long lasting investment slump, which is unresponsive to policy … smoothing in the investment response to aggregate shocks. The remaining 40% is explained by general equilibrium forces. The …

investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large … positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent … ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors …

investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large … positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent … ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors …

statistically significant evidence of the expected labor-friendly nature of innovation. More in detail, neither R&D nor investment …

The sensitivity of U.S. aggregate investment to shocks is procyclical: the initial response increases by approximately … counterexample to the claim that microeconomic investment lumpiness is inconsequential for macroeconomic analysis …

The sensitivity of U.S. aggregate investment to shocks is procyclical: the initial response increases by approximately … counterexample to the claim that microeconomic investment lumpiness is inconsequential for macroeconomic analysis …

The sensitivity of U.S. aggregate investment to shocks is procyclical: the response upon impact increases by … a counterexample to the claim that microeconomic investment lumpiness is inconsequential for macroeconomic analysis …

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …