maximize firm value given financial market prices, disagreement alters firms' value-maximizing investment policies …. Disagreement therefore impacts aggregate investment, consumption, and output. In a production economy with recursive preferences … and disasters, we demonstrate that static disagreement among investors generates dynamic aggregate investment that is …

characteristically dystopian policies that are still causing malicious effects on private investment and yet private investment is an … indisputably powerful means for sustainable economic growth and development. Private investment in Zimbabwe has been significantly … upon investment; specifically, private investment. This has apparently stimulated much concern, especially to economists …

real interest rate changes. I show that investment coordination failures are more likely to occur at lower levels of …-bust investment cycles …

This paper extends the Q-theory of investment to capital goods with arbitrary efficiency profiles. Under the assumption … assets are fundamentally different aggregates of its investment history. We construct empirical proxies for these two … explanatory power of investment regressions. We further find that the effect of vintage capital in investment regressions is at …

In this paper we describe the investment behavior of manufacturing firms in Italy between 1995 and 2013 and we … investigate the most important factors leading to the decline in investment since 2008. We estimate an error correction model for … investment using information on firms' demand expectations, uncertainty, and credit constraints, based on the Bank of Italy …

The paper builds up a macro function of investment to capture various key determinants and explore the intricate … determination mechanism of aggregate investment. It explicates the basic trend determinant of investment, locates the cause of … investment volatility and identifies the magnifier of volatility, recognizes the sluggish force and its sluggish and …

We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …

The paper argues that the several theories used to support the traditional thesis of a dependence of investment on the … significant dependence of aggregate investment on the interest rate, are not surprising: there is simply no convincing theoretical …

exchange rates for time series of sectoral investment. Both theoretically and empirically we show that investment … respect to the share of imported inputs in production. Important differences exist in investment endogeneity across high and … low markup sectors, with investment in low markup sectors often significantly more responsive to exchange rates. Cross …

smoothing in the investment response to aggregate shocks. The remaining 40% is explained by general equilibrium forces. The … particular, booms feed into themselves. The longer an expansion, the larger the response of investment to an additional positive … shock. Conversely, a slowdown after a boom can lead to a long lasting investment slump, which is unresponsive to policy …