What Explains the Lagged Investment Effect?
收藏数据链接：
官方服务：
资源简介：
The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans (2005)
提供机构：
美国国家经济研究局创建时间：
2011-03-01
