Intangible Investment and Low Inflation : A Framework and Some Evidence /
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic aggregat...
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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2020.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2020/190 |
| 在線閱讀: | Full text available on IMF |