A Real Explanation for Heterogeneous Investment Dynamics
نویسندگان
چکیده
منابع مشابه
A Real Explanation for Heterogeneous Investment Dynamics
Household investment, that is investment in consumer durables and housing, leads non-residential fixed investment over the U.S. business cycle. This observation represents a potent challenge to real business cycle (RBC) theory. First of all the theory has been unable to account for it. In addition, research suggests the observation is driven by monetary shocks, supporting the view that these sh...
متن کاملReal Investment and Risk Dynamics
Firmssystematic risk falls (increases) sharply following investment (disinvestment). This risk dynamics is driven by real investment and not by changes in rm characteristics and is strongest among rms with valuable investment opportunities, highly irreversible investment and low operating leverage. Consistent with rational pricing, rms with poor investment opportunities, those most likely t...
متن کاملCredit Risk and Real Investment Dynamics ∗
Empirical evidence documents a tight link between aggregate and firm-level investment and corporate credit spreads. Moreover, it has been shown that credit spreads largely reflect a compensation for bearing macroeconoimc risks. We use a tractable model with recursive preferences and time varying macroeoconomic risk to investigate the link between aggregate risk and corporate policies in a produ...
متن کاملPlato Seeking for “One Real Explanation” in Phaedo
What this essay is to discuss is Plato''s theory of explanation in Phaedo. In this dialogue, we observe that Socrates criticizes both the natural scientists’ explanations and Anaxagoras’ theory of Mind since he thinks they could not explain all things, firstly, in a unitary and, secondary, in a real way. Thence, we are to call what Plato is seeking as his ideal explanation in Phaedo “One Real E...
متن کاملQualitative Decision Explanation for Information Technology Investment
Many business decisions involve issues that are not amenable to quantitative measures and analysis. One such domain of decisions is large-scale investments in information technology. Traditional capital budgeting methods have not proven eeective. In this paper, we present an alternative paradigm for qualitative decision analysis, embodied in the artiicial intelligence program: VOTE. We describe...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.294940