as powerful to explain any of the four mentioned puzzles. -- international business cycles ; cointegration ; investment …In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … relative price of investment to build and estimate these IST processes across the United States and a "rest of the world …

In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … relative price of investment to build and estimate these IST processes across the U.S and a "rest of the world" aggregate …

In this paper, we first introduce investment-specific technology (IST) shocks into an otherwise standard international … addresses several of the existing puzzles in the literature. In particular, we obtain a negative correlation of relative … Economic Co-operation and Development for the relative price of investment to build and estimate these IST processes across the …

by just enhancing the standard frame- work with investment adjustment costs can resolve the 'productivity-hours puzzle'. … correlations of hours and productivity in response to technology shocks ('productivity-hours puzzle'). In this paper we show that …