Investment Spikes: New Facts and a General Equilibrium Exploration

 

Joint work with Anil K Kashyap, University of Chicago GSB.

 

Paper  (JME version)

 

Longer version (NBER working paper)

 

Model

 

Matlab programs: zipped folder

 

Note: to solve the model with the convex-concave cdf used in some experiments, the set of programs to use are slightly different: use these programs.

 

Technical Appendix on the model (steady-state and log-linearization).

 

 

Data

 

Data: selected moments from:

-          US Census,

-          Chilean Census.