NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Investment Shocks and Business Cycles

Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti

NBER Working Paper No. 15570
Issued in December 2009

---- Acknowledgements -----

We wish to thank Pedro Amaral, Mark Gertler, Nicolas Groshenny, Lee Ohanian, Andrea Raffo, Juan Rubio-Ramirez, Frank Schorfheide, Thijs van Rens, Raf Wouters, an anonymous referee and participants to many seminars and conferences for comments and suggestions. We would also like to thank Frank Smets and Raf Wouters for sharing their codes and data. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of Chicago, the Federal Reserve Bank of New York, any other person associated with the Federal Reserve System, or the National Bureau of Economic Research.

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