Tobin's q and Asset Returns: Implications for Business Cycle Analysis
收藏数据链接：
官方服务：
资源简介：
The marginal cost of plant capacity, measured by the price of equity is significantly procyclical. Yet, the price of a major intermediate input into expanding plant capacity, investment goods, is coutercyclical. The ratio of these prices is Tobin's q. We interpret the fact that Tobin's q differs
提供机构：
美国国家经济研究局创建时间：
1995-10-01
