scholarly journals Does Lumpy Investment Matter for Business Cycles?

2009 ◽  
Author(s):  
Jianjun Miao ◽  
Pengfei Wang
Keyword(s):  
Business Cycles ◽  
Lumpy Investment

Lumpy Investment, Business Cycles, and Stimulus Policy

2021 ◽  
Vol 111 (1) ◽  
pp. 364-396 ◽  
Author(s):  
Thomas Winberry
Keyword(s):  
Interest Rate ◽  
Business Cycles ◽  
Interest Rates ◽  
Real Interest Rate ◽  
Extensive Margin ◽  
Investment Behavior ◽  
The Real ◽  
Lumpy Investment ◽  
Aggregate Investment ◽  
Micro Level

I study the aggregate implications of micro-level lumpy investment in a model consistent with the empirical dynamics of the real interest rate. The elasticity of aggregate investment with respect to shocks is procyclical because more firms are likely to make an extensive margin investment in expansions than in recessions. Matching the dynamics of the real interest rate is key to generating this result because it disciplines the interest-elasticity of investment and avoids counterfactual behavior of the model that would otherwise eliminate most of the procyclical responsiveness. Therefore, data on interest rates place important discipline in aggregating micro-level investment behavior. (JEL D25, E13, E22, E23, E43, G31, H25)

scholarly journals LUMPY INVESTMENT AND ENDOGENOUS BUSINESS CYCLES IN AN EVOLUTIONARY MULTI-AGENT MODEL

2007 ◽  
Vol 38 (7) ◽  
pp. 631-666
Author(s):  
Giovanni Dosi ◽  
Giorgio Fagiolo ◽  
Andrea Roventini
Keyword(s):  
Business Cycles ◽  
Agent Model ◽  
Lumpy Investment ◽  
Endogenous Business Cycles ◽  
Multi Agent

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Institutions as the Ordering Factor and as the Destabilizing Force: New Institutional and Post Keynesian Perspectives

2006 ◽  
pp. 102-118 ◽  
Author(s):  
A. Skorobogatov
Keyword(s):  
Economic Policy ◽  
Business Cycles ◽  
Institutional Theory ◽  
Institutional Environment ◽  
Institutional Arrangements ◽  
Economic Stability ◽  
Forward Contracts

The paper is dedicated to the New Institutional and Post Keynesian perspectives on institutions and their relation to economic stability. Embeddedness, institutional environment, and institutional arrangements are considered. Within these institutions conventional expectations, the economic policy and forward contracts are analyzed. Upon these perspectives the author shows a contradictory relation between institutions and the order and develops an institutional theory of business cycles.

Adverse Selection, Lemon Shocks and Business Cycles

2019 ◽  
Vol 2019 (361) ◽  
Author(s):  
Daisuke Ikeda ◽  
Keyword(s):  
Business Cycles ◽  
Adverse Selection

News-Driven Business Cycles: Insights and Challenges

CFA Digest ◽  
2015 ◽  
Vol 45 (5) ◽  
Author(s):  
Rich Wiggins
Keyword(s):  
Business Cycles

Security Prices and Business Cycles

1955 ◽  
Vol 11 (1) ◽  
pp. 79-86 ◽  
Author(s):  
Edmund A. Mennis
Keyword(s):  
Business Cycles ◽  
Security Prices

Spillover Effects of Regional Apartment Business Cycles Using Factor-Augmented VAR Model

2019 ◽  
Vol 27 (3) ◽  
pp. 147-171
Author(s):  
Doo-Won Bang ◽  
Hyuck-Shin Kwon ◽  
Myeong-Hyeon Kim
Keyword(s):  
Business Cycles ◽  
Spillover Effects ◽  
Var Model
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