Private investment and macroeconomic adjustment : an overview

This paper reviews current investment theories, recent models linking macroeconomic policies and private investment, and the effect of uncertainty and credibility on irreversible investment decisions. Empirical studies on the subject are also reviewed, and the general implications of this literature for the design of growth-oriented adjustment programs are discussed.

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Year of publication:	1989-12-31
Authors:	Serven, Luis ; Solimano, Andres
Institutions:	Economics Research, World Bank Group
Subject:	Economic Theory&Research \| Environmental Economics&Policies \| International Terrorism&Counterterrorism \| Financial Intermediation \| Banks&Banking Reform

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Extent:	application/pdf
Series:	Policy Research Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 339
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005141453