Business Fixed Investment and the Recent Business Cycle in Japan
Published Date
Copyright 1996
ISBN 0-262-02414-4
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply a log-linear 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 1961–1994 sample and during the recent 1986–1994 business cycle.
Published From Paper
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Working Paper
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply...