"In aggregate models, costs that penalise changes in investment--investment adjustment costs-- have been introduced to … investment adjustment costs and the traditional capital adjustment costs as special cases. The estimated weight on the former is … close to zero for all the industries. When only the investment adjustment cost structure is considered, the estimates of the …

einem DSGE-Modell mit Haushaltsproduktion eine verbesserte Abbildung der Investitionsdynamik für Deutschland und das … Faktum abzubilden. Es zeigt sich, dass diese Tatsache mit für Deutschland bzw. das Vereinigte Königreich kalibrierten …

measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer … extant literature. Furthermore, we estimate state-dependent elasticities. Our conclusions are as follows. (i) In Germany and …