TITLE

The Overhang of Structures before and since the Great Recession

AUTHOR(S)
Jacobson, Margaret; Occhino, Filippo
PUB. DATE
March 2014
SOURCE
Economic Commentary;3/28/2014, Vol. 2014 Issue 4, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Investment in structures is still 29 percent below its pre-recession peak. Using a new indicator of the level of structures that would be warranted by economic conditions, we find evidence that the level of investment was too high in the first half of the 2000s. This overinvestment created an overhang of structures which has held down the growth of investment in structures during the recovery.
ACCESSION #
95385760

 

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