Aghion, Philippe; Angeletos, George-Marios; Banerjee, … - In: Journal of Monetary Economics 57 (2010) 3, pp. 246-265
How does uncertainty and credit constraints affect the cyclical composition of investment and thereby volatility and growth? This paper addresses this question within a model where firms engage in two types of investment: a short-term one; and a long-term one, which contributes more to...