• 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 ...