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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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2020/190 |
| Accès en ligne: | Full text available on IMF |