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The answer is yes using state\u2010of\u2010the\u2010art econometric methods that are robust to weak instruments and exploit information in possible structural changes. Unfortunately, however, there is very little information about the values of the parameters in aggregate data because investment is unresponsive to changes in capital utilization and the real interest rate. Bayesian estimation using fully specified DSGE models is more accurate due to both informative priors and cross\u2010equation restrictions.<\/jats:p>","DOI":"10.1002\/jae.3037","type":"journal-article","created":{"date-parts":[[2024,2,27]],"date-time":"2024-02-27T09:10:45Z","timestamp":1709025045000},"page":"543-563","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":5,"title":["Empirical evidence on the Euler equation for investment in the US"],"prefix":"10.1002","volume":"39","author":[{"given":"Guido","family":"Ascari","sequence":"first","affiliation":[{"name":"University of Pavia  Pavia Italy"},{"name":"De Nederlandsche Bank  Amsterdam The Netherlands"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Qazi","family":"Haque","sequence":"additional","affiliation":[{"name":"School of Economics and Public Policy The University of Adelaide  Adelaide Australia"},{"name":"Centre for Applied Macroeconomic Analysis Australian National University  Canberra Australia"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Leandro M.","family":"Magnusson","sequence":"additional","affiliation":[{"name":"University of Western Australia  Crawley Western Australia Australia"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Sophocles","family":"Mavroeidis","sequence":"additional","affiliation":[{"name":"University of Oxford  Oxford UK"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2024,2,27]]},"reference":[{"key":"e_1_2_10_2_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.red.2010.01.001"},{"key":"e_1_2_10_3_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2006.05.012"},{"issue":"3","key":"e_1_2_10_4_1","first-page":"51","article-title":"Positive trend inflation and determinacy in a medium\u2010sized new Keynesian model","volume":"16","author":"Arias J. 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