Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
NBER Working Paper No. 12336
---- Acknowledgements -----
We are grateful to Olivier Blanchard, William Brainard, Jordi Galí, Pete Klenow, John Leahy, Giuseppe Moscarini, Anthony Smith, Julia Thomas and seminar/meeting participants at the AEA (Chicago), Bonn, Cornell, Econometric Society (Bogotá), Karlsruhe, Mainz, NBER-EFG, NYU, SITE, U. de Chile (CEA) and Yale for their comments on an earlier version (April, 2006) of this paper, entitled "Lumpy Investment in Dynamic General Equilibrium." Financial support from NSF is gratefully acknowledged.