Guerrazzi, Marco - In: EconomiA 16 (2015) 3, pp. 343-358
investment is driven by self-fulfilling expectations about the adjustment cost of capital. Consistently with the view of business …This paper develops a DSGE model with investment and capital accumulation build along demand-driven explanations of the … consumption while firms decide about recruiting effort as well as investment. This setting closed with market clearing in good and …