Reexamining the cyclical behavior of the relative price of investment

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 135
Issue: C
Pages: 108-111

Authors (3)

Beaudry, Paul (University of British Columbia) Moura, Alban (Banque Centrale du Luxembourg) Portier, Franck (University College London (UCL...)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We document the cyclical behavior of the relative price of investment goods for the US economy over the last fifty years. There is no robust evidence that this relative price is countercyclical. For the post-1983 period, it is predominantly procyclical.

Technical Details

RePEc Handle
repec:eee:ecolet:v:135:y:2015:i:c:p:108-111
Journal Field
General
Author Count
3
Added to Database
2026-01-24