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...
| Autor principal: | |
|---|---|
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 1996/105 |
| Materias: | |
| Acceso en línea: | Full text available on IMF |