Business Fixed Investment and the Recent Business Cycle in JapanNobuhiro Kiyotaki, Kenneth D. West
NBER Working Paper No. 5546 (Also Reprint No. r2128) To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply a loglinear flexible accelerator model. We find that movements in business fixed investment are consistent with movements in output and the tax- adjusted cost of capital, both on average during our entire 1961-94 sample and during the recent 1986-94 business cycle.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w5546 Published: Business Fixed Investment and the Recent Business Cycle in Japan, Nobuhiro Kiyotaki, Kenneth D. West. in NBER Macroeconomics Annual 1996, Volume 11, Bernanke and Rotemberg. 1996 Users who downloaded this paper also downloaded* these:
|

Contact Us