The role of investment-specific technological change in the business cycle

Benhabib, 1992, Homework in macroeconomics, Journal of Political Economy, 99, 1166, 10.1086/261796 Bils, 1994, Cyclical factor utilization. Journal of Monetary Economics, 33, 319, 10.1016/0304-3932(94)90005-1 Burnside, 1996, Factor hoarding and the propagation of business cycle shocks, American Economic Review, 86, 1154 Christiano, L., Fisher, J., 1995. Tobin's q and asset returns: Implications for business cycle analysis. Working paper. Cooley, 1995, Equilibrium business cycles with idle resources and variable capacity utilization, Economic Theory, 6, 35, 10.1007/BF01213940 Evans, 1992, Productivity shocks and real business cycles, Journal of Monetary Economics, 29, 191, 10.1016/0304-3932(92)90012-Q Finn, 1995, Variance properties of Solow's productivity residual and their cyclical implications, Journal of Economic Dynamics and Control, 19, 1249, 10.1016/0165-1889(94)00826-4 Gordon, 1990 Greenwood, 1988, Investment, capacity utilization, and the real business cycle, American Economic Review, 78, 402 Greenwood, 1997, Long-run implications of investment-specific technological change, American Economic Review, 87, 342 Greenwood, 1997, Carnegie-Rochester Conference Series on Public Policy, 46, 49, 10.1016/S0167-2231(97)00004-3 Hansen, 1985, Indivisible labor and the business cycle, Journal of Monetary Economics, 16, 309, 10.1016/0304-3932(85)90039-X Hornstein, A., Krusell, P., 1996. Can technology improvements cause productivity slowdowns? In: Bernanke, B., Rotemberg, J. (Eds.), NBER Macroeconomics Annual 1996, 11, 209–259. Hornstein, 1997, Intermediate inputs and sectoral comovement in the business cycle, Journal of Monetary Economics, 40, 573, 10.1016/S0304-3932(97)00056-1 Huffman, 1999, The role of intratemporal adjustment costs in a multi-sector economy, Journal of Monetary Economics, 43, 317, 10.1016/S0304-3932(98)00059-2 King, 1988, Production, growth, and business cycles I, Journal of Monetary Economics, 21, 195, 10.1016/0304-3932(88)90030-X Kydland, 1982, Time to build and aggregate fluctuations, Econometrica, 50, 173, 10.2307/1913386 Kydland, 1988, The workweek of capital and its cyclical implications, Journal of Monetary Economics, 21, 343, 10.1016/0304-3932(88)90035-9 Long, 1983, Real business cycles, Journal of Political Economy, 91, 39, 10.1086/261128 Lucas, R., Jr., 1970. Capacity, overtime, and empirical production functions. American Economic Review 60, 23–27. Lucas, R., Jr., 1990. Supply-side economics: An analytical review. Oxford Economic Papers 42, 293–316. Prescott, 1986, Theory ahead of business cycle measurement, Carnegie-Rochester Conference Series on Public Policy, 25, 11, 10.1016/0167-2231(86)90035-7 Rogerson, 1988, Indivisible labor, lotteries and equilibrium, Journal of Monetary Economics, 21, 3, 10.1016/0304-3932(88)90042-6