the consumption smoothing mechanism in an endogenous growth model with time to build, linear technology and … irreversibility constraint in investment. Moreover the link among the time to build parameter, the real interest rate, and the … by the same technology and utility function. Finally we have analyzed the effect of time to build on the speed of …

We augment a closed-economy DSGE model with collateral constraints tied to real estate values by incorporating the time-to-build … of the model relative to the versions with no time-to-build delays or with permanently fixed housing stock. We also find …

production, in which investment projects involve time-to-build, can rationalize these findings. The model is also able to explain …

time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not …-q equations under time-to-build investment. In addition, time aggregation error can give rise to cash flow effects inde- pendently … of the time-to-build effect. Importantly, both errors arise independently of potential measurement error in q. We provide …

the consumption smoothing mechanisms in an endogenous growth model with time to build, linear technology and … irreversibility constraint in investment. Moreover the link among the time to build parameter, the maximum capital reproduction rate … characterized by the same technology and utility function. Finally we have analyzed the effect of time to build on the speed of …

time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not …-q equations under time-to-build investment. In addition, time aggregation error can give rise to cash flow effects inde- pendently … of the time-to-build effect. Importantly, both errors arise independently of potential measurement error in q. We provide …

We establish explicit socially optimal rules for an irreversible investment decision with time-to-build and uncertainty …

We establish explicit socially optimal rules for an irreversible investment decision with time-to-build and uncertainty …