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The labor market channel of macroeconomic uncertainty

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International information flows, sentiments, and cross-country business cycle fluctuations

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Frequency-band estimation of the number of factors detecting the main business cycle shocks

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Investment shocks and the relative price of investment

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Investment shocks and the relative price of investment

Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2009

We estimate a New-Neoclassical Synthesis model of the business cycle 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...