This paper focuses on a monetary explanation of two business cycle regularities: (i) business and household investment are positively correlated and procyclical and (ii) business investment tends to lag household investment over the cycle. Our general equilibrium framework is essentially a standard
Taut planning and the allocation of investment in a stochastic economy
โ Scribed by Josef C. Brada
- Publisher
- Springer US
- Year
- 1971
- Tongue
- English
- Weight
- 605 KB
- Volume
- 11
- Category
- Article
- ISSN
- 1573-9414
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๐ SIMILAR VOLUMES
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