Browsing by Subject "E22"

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Browsing by Subject "E22"

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    Title: Detecting Propagation Effects by Observing Aggregate Distributions: The Case of Lumpy Investments  Author(s): GUISO, Luigi; LAI, Chaoqun; NIREI, Makoto Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: By using an extensive panel data set of Italian firms, we show empirically that the fraction of firms that engage in a lumpy investment follows a non-normal, double-exponential distribution across region-year. We propose ...
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    Title: The Role of Curvature in the Transformation Frontier for Measuring Technology Shocks  Author(s): MENNUNI, Alessandro Date: 2010-10-28 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: In the usual version of the neoclassical growth model used to identify neutral (N-Shock) and investment shocks (I-Shock), a linear transformation frontier between consumption and investment goods is assumed. This paper ...