capital accumulation. Further, and across different theoretical approaches, residential investment is seen as a critical …). Second, aggregate investment is then split into its residential and nonresidential categories. Results confirm that … residential investment leads the cycle, whereas nonresidential investment lags it. Finally, this study argues that residential …

This paper studies the role of investment-specific shocks as an amplification mechanism of labor market fluctuations …. We first show evidence suggesting that after a fall in the relative price of new equipment, not only do investment and … output increase but firms also post more vacancies, hours worked increase and unemployment falls. Moreover, we study the …

investment and high unemployment … and investment. We show that, depending on the model parameters, four qualitatively different outcomes can emerge …

to employment growth, but are also pronounced for investment. Moreover, the medium-term decline in firm employment growth …

, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …

Recession. In this paper I demonstrate the role of bubbles in secular stagnation. Bubbles increase the natural rate of interest …, hence they alleviate the cause of secular stagnation. This suggests a positive role for bubbles, however bubbles are … intrinsically unstable. Larger bubbles are shown to be more unstable, and upon collapse the natural rate of interest falls …

unemployment rates. The possibility of a double-dip recession is also explored …