Guerrazzi, Marco - In: Economia : revista da ANPEC 16 (2015) 3, pp. 343-358
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 … investment is driven by self-fulfilling expectations about the adjustment cost of capital. Consistently with the view of business …