2024-03-28T19:59:42Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/64192023-12-12T09:02:12Zcom_123456789_5661com_123456789_21col_123456789_5706
Aggregate investment in a growth model with adjustment costs
Vallés, Javier
Capital e inversión
In this paper, the author simulates the general equilibrium structure trying to mimic the observed variability of aggregate investment and the statistic properties of investment with its price and other real variables
this model generates equilibrium prices at each period of time. The paper also studies the co-movements of the price of investment, of rental price of capital and of aggregate investment when exogenous perturbations affect the optimal paths of the variables that solve the assumed structural model. Finally uses the data generated by the model to test the performance of alternative partial equilibrium analyses of aggregate investment. References
1991-01-22
Documento de trabajo
ISBN: 8477930732
https://repositorio.bde.es/handle/123456789/6419
eng
Documentos de Trabajo / Banco de España, 9102
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
48 p.
application/pdf
Banco de España. Servicio de Estudios
Madrid : Banco de España. Servicio de Estudios, 1991