Investment in Inflationary Economies /

Investment in Inflationary Economies /

The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility; a change from high to low inflation induces an upward capital stock adjustment. In ec...

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Bibliografiske detaljer
Hovedforfatter:	Levy Yeyati, Eduardo
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 1996.
Serier:	IMF Working Papers; Working Paper ; No. 1996/105
Fag:	CPI Inflation Rates Inflation-Investment Relation Price Volatility Threshold Investment Decision Rule WP Argentina
Online adgang:	Full text available on IMF

Lignende værker

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