This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of … the US economy from 1960 through 2018. After estimation, one striking result is that from the Granger causality test. The …

equipment-goods sectors are cointegrated if and only if the aggregate neutral productivity and the investment …Applying Johansen cointegration test to U.S. annual data constructed from the EU KLEMS database, the paper documents … non-linear cointegration test framework developed by Kapetanios et al. (2006), that the cointegrating relation is non …

news shock through their identification. However, the news shock leads to a stock market boom with a negligible impact on …

by dividing the supply shocks such as neutral and investment-specific technology into surprise part and anticipated part …, we search for the importance of so-called "news shock". Our main finding is that the news shocks of the anticipated … investment-specific as well as neutral technology are the major component that drives Japanese economic movements: The surprise …