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Author

Oscar Jaulín-Méndez

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Open access Aug 2026

Relative Price of Equipment, Investment Shocks and Oil-Food Prices

Abstract This paper re-examines the empirical identification of investment-specific technology (IST) shocks by highlighting the role of oil and food price fluctuations in shaping the relative price of equipment (RPE), the key observable used to estimate such shocks. Using U.S. quarterly data, I show that conventional I...

Oscar Jaulín-Méndez · 0 citations

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