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Business Fixed Investment and the Recent Business Cycle in Japan / Nobuhiro Kiyotaki, Kenneth D. West.
- Format:
- Book
- Author/Creator:
- Kiyotaki, Nobuhiro.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5546.
- NBER working paper series no. w5546
- Language:
- English
- Subjects (All):
- Capital investments.
- Econometric models.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Cambridge : National Bureau of Economic Research, 1996.
- Summary:
- 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.
- Notes:
- Print version record
- April 1996.
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