NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

What Explains the Lagged Investment Effect?

Janice C. Eberly, Sergio Rebelo, Nicolas Vincent

NBER Working Paper No. 16889
Issued in March 2011

---- Acknowledgements -----

We thank Nick Bloom for helpful discussions on the estimation algorithm used in this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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