أعرض تسجيلة المادة بشكل مبسط

dc.creator Schaller, Huntley
dc.creator Moore, Bartholomew
dc.date 1999
dc.date.accessioned 2013-10-16T07:03:25Z
dc.date.available 2013-10-16T07:03:25Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19176
dc.identifier ppn:303193336
dc.identifier RePEc:zbw:hwwadp:77
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19176
dc.description This paper introduces a new approach to understanding investment. The distinctive feature of our approach is that shocks to the economic fundamentals have both persistent and transitory components, and that firms must disentangle the persistent from the transitory shocks. The model generates interesting dynamics. Simulations of the model show that the response of investment to changes in the interest rate can vary widely over time, that the current response of investment depends on the sequence of past shocks, that investment will respond less when the firm is confident about its beliefs and more when a change in economic fundamentals challenges the firm?s beliefs, and that investment booms and crashes may occur without any change in the true state of the economy. Simulations of the model also show that it captures many ?stylized facts? of investment dynamics documented in previous empirical studies.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 77
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E22
dc.subject ddc:330
dc.subject Gesamtwirtschaftliche Investitionstheorie
dc.subject Betriebswirtschaftliche Investitionstheorie
dc.subject Schock
dc.subject Realzins
dc.subject Stochastischer Prozeß
dc.subject Lernprozeß
dc.subject Betriebliche Investitionspolitik
dc.subject Anpassung
dc.subject Theorie
dc.title Persistent and transitory shocks, learning, and investment dynamics
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط