Re: RE: Re: Re: hoarding

[Brad DeLong]

>Steve Fazzari did a piece on this for us, using
>firm micro data.  I would say he is the go-to
>guy on this topic.
>
>mbs
>
>at the 2000 ASSA, a fellow from MIT (whose name I've forgotten) presented
>evidence on the interest rate effect for business fixed investment,
>indicating that one had to torture the data to find it. Doing so, such
>issues as capacity utilization seemed much more important. However, the
>interest rate effect seems to work with housing investment.
>
>Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

The export channel is there too... but with *long* and *variable* lags...


Brad DeLong