Blar i Arbeidsnotater / Working Papers på emneord "lumpy investment"

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    • Is Lumpy Investment Really Irrelevant for the Business Cycle? 

      Sveen, Tommy; Weinke, Lutz (Working Papers;6/2005, Working paper, 2005)
      Smoothness in aggregate capital accumulation is a necessary condition for New-Keynesian (NK) models to imply a quantitatively relevant monetary transmission mechanism (see, e.g., Woodford 2005). Can that aggregate smoothness ...

    • 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 ...