Mandelman, Federico; Rabanal, Pau; Rubio-Ramirez, Juan … - In: Review of Economic Dynamics 14 (2011) 1, pp. 136-155
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", "international comovement",...