登入
選單
返回
Google圖書搜尋
Business Fixed Investment and the Recent Business Cycle in Japan
Nobuhiro Kiyotaki
Kenneth D. West
出版
National Bureau of Economic Research
, 1996
URL
http://books.google.com.hk/books?id=eqF1SQAACAAJ&hl=&source=gbs_api
註釋
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.
