Title of article :
Aggregation and representative firm in the theory of investment
Author/Authors :
Takashi Matsumoto، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
A simple investment function that is a second-degree polynomial of a deviation from “desired capital stock” is capable of explaining a large part of aggregate investment. I demonstrate this by calibration of firm investment based on this model.
Keywords :
Aggregate investment , Representative firm , Lumpiness of investment
Journal title :
Economics Letters
Journal title :
Economics Letters