TY  - RPRT
AU  - Díaz, Antonia
AU  - Puch, Luis A.
PY  - 2013
UR  - https://hdl.handle.net/20.500.14352/41518
AB  - In this paper we propose a theory of investment and energy use to study the response of macroeconomic aggregates to energy price shocks. In our theory this response depends on the interaction between the energy efficiency built in capital goods (which...
LA  - eng
KW  - Energy use
KW  - vintage capital
KW  - energy price shocks
KW  - investment-specific technology shocks.
TI  - A Theory of Vintage Capital Investment and Energy Use
TY  - technical report
VL  - 2013
ER  -