期刊名称：Discussion Papers / Department of Economics, University of Essex
出版年度：2006
卷号：2006
出版社：University of Essex
摘要：This paper considers various AK models to investigate inference about the
relative price between consumption and investment using NIPA data. We find, that
depending on the model used, we can legitimately generate different time series
for this price. If we successfully construct a falling price of investment, the
model implies an inadmissibly low share of consumption in output. If we use an
admissible share of consumption we generate investment prices which increase
over time, contrary to the intuition generated by the price of equipment goods.
