Browsing Norges Banks vitenarkiv by Author "Reiter, Michael"
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Lumpy Investment and State-Dependent Pricing in General Equilibrium
Reiter, Michael; Sveen, Tommy; Weinke, Lutz (Working Papers;5/2009, Working paper, 2009)The lumpy nature of plant-level investment is generally not taken into account in the context of monetary theory (see, e.g., Christiano et al. 2005 and Woodford 2005). We formulate a generalized (S,s) pricing and investment ...