Nonlinear Aggregate Investment Dynamics: Theory and Evidence
收藏NBER1998-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6420
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In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard sharp (S,s) bands, firms' adjustment policies take the form of a probability of adjustment (adjustment hazard) that
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美国国家经济研究局创建时间：
1998-02-01
