Buch(gedruckt)2011
What explains the lagged investment effect?
In: Discussion paper series 8309
In: International macroeconomics
Verfügbarkeit an Ihrem Standort wird überprüft
Dieses Buch ist auch in Ihrer Bibliothek verfügbar:
Abstract
"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) predicts the presence of a lagged-investment effect and that a generalized version of their model is consistent with the behavior of firm-level data from Compustat"--National Bureau of Economic Research web site
Verfügbarkeit
Themen
Sprachen
Englisch
Verlag
Centre for Economic Policy Research
Seiten
28, [5] S.
Problem melden