NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Lumpy Investment, Lumpy Inventories

Rüdiger Bachmann, Lin Ma

NBER Working Paper No. 17924
Issued in March 2012

---- Acknowledgements -----

We thank Francois Gourio for his discussion. We are grateful to participants at the ASSA (2012 meeting in Chicago) for their comments. Any remaining errors are our own. 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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