|
|
|
|
| LEADER |
01852cas a2200253 a 4500 |
| 001 |
AALejournalIMF008869 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451861778
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Lombardi, Domenico.
|
| 245 |
1 |
0 |
|a Why is Micro Evidenceon the Effects of Uncertainty Not Replicated in Macro Data? /
|c Domenico Lombardi, Stephen Bond.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
|
| 300 |
|
|
|a 1 online resource (36 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate time-series data, we analyze the implications of aggregating nonlinear microeconomic processes. Replicating firm-level evidence that uncertainty influences investment dynamics proves to be challenging. Even using perfectly consistent data sources, this requires both exact aggregation of the underlying micro equations, and controlling for the unobserved influences on investment that are commonly subsumed into time dummies in panel studies. These conditions are unlikely to be satisfied in most aggregate econometric studies.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Bond, Stephen.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2005/158
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/158/001.2005.issue-158-en.xml
|z IMF e-Library
|