Search Results - subject_exact:"Neue Investitionstheorie"

Revisiting 'Pricing and the Investment Decision'

Bloch, Harry; Kriesler, Peter - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651673

Time-varying investment dynamics in the USA

Mendieta-Muñoz, Ivan - 2024

We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector autoregression model with drifting parameters and stochastic volatilities estimated via Bayesian methods. We find significant variation over time of the response of investment to shocks...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014483612

10. Investment dynamics in a Hayekian framework

Rapka, Przemysław - 2026

Standard macroeconomic theory assumes that investment spending varies inversely with the interest rate. In reality, this is not the case. Despite the central bank raising interest rates, the economic boom can continue for a long time. This can be explained by F. A. Hayek's theoretical framework....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015674443

The macroeconomics of irreversibility

Baley, Isaac; Blanco, Andrés - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375200

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The macroeconomics of irreversibility

Baley, Isaac; Blanco, Andrés - 2024

Book / Working Paper

The macroeconomics of irreversibility

Baley, Isaac; Blanco, Andrés - 2024

Book / Working Paper

A note on nonconvex adjustment costs in lumpy investment models : mean versus variance

Fang, Min - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014306722

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A Note on Nonconvex Adjustment Costs in Lumpy Investment Models : Mean versus Variance

Fang, Min - 2021

Book / Working Paper

Effective demand, investment and dynamics : the relevance of Kalecki for macroeconomic theory

Possas, Mario Luiz - 2024

Mainstream Macroeconomics has withdrawn completely from its remote origins in Keynes and Kalecki, replacing the principle of effective demand (P.E.D.) with supply economics, investment with savings, and dynamics with equilibrium as a norm This article discusses, in the event of Kalecki’s...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015049322

Modeling aggregate investment under financial constraints

Hatzinikolaou, Dimitris; Hatzinikolaou, Dimitrios - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193876

The Neoclassical Theory of Firm Investment and Taxes : A Reassessment

Chodorow-Reich, Gabriel - 2025

Economists have widely varying opinions of how corporate taxation affects aggregate investment, output, and wages. This disagreement reflects a 60-year history of misapplication of the neoclassical theory of investment to interpret empirical work and guide policy analysis. In this article I...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015421872

Investment, Tobin's q, and the stochastic price of fossil fuel

Peng, Juan; Yang, Jinqiang; Zhao, Pengxiang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015606739

Optimal consumption and investment with welfare constraints

Jeon, Junkee; Kwak, Minsuk - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015130333

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Optimal Consumption and Investment with Welfare Constraints

Jeon, Junkee; Kwak, Minsuk - 2022

Book / Working Paper

Efficiency of Investment Projects : Modern Investment Models and Their Applications

Brusov, Petr N.; Filatova, Tatiana - 2025

Introduction -- Evaluation of the efficiency of investment projects -- Capital Structure -- Capital Structure: Modigliani–Miller Theory -- The Modigliani–Miller theory with arbitrary frequency of payment of tax on profit -- Modification of the Modigliani–Miller Theory for the Case of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015463902

Investment function in Marshall, Fisher and Keynes : a critique of the neoclassical theory of investment in light of the capital theory controversy

İnal, Vedit - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015445650

Leverage dynamics and financial flexibility

Bolton, Patrick; Wang, Neng; Yang, Jinqiang - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012219792

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Leverage Dynamics and Financial Flexibility

Bolton, Patrick; Wang, Neng; Yang, Jinqiang - 2022

Book / Working Paper

Leverage Dynamics and Financial Flexibility

Bolton, Patrick - 2020

Book / Working Paper

On the relationship between the money rate of interest and aggregate investment spending

İnal, Vedit - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014578260

Analysis of the evaluation of investment projects with constant prices versus current prices approaches

Corona Dueñas, José Asunción; Corona Pacheco, César - 2021

This work makes a comparative analysis of the evaluation of an investment project, considering two approaches, one with cash flows at constant prices and the other at current prices. The goal is to determine which of these two approaches is best for project evaluation to make the right...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012612912

An investment theory with lags and adjustment costs

Jiang, Wei; Qian, Shuaijie; Shen, Jialu - 2022

We propose a stochastic control model to study corporate investment with generalized investment frictions, including investment lags and various of adjustment costs. We find that the dominance of the ``good news principle'' or ``bad news principle'' is determined by the joint effect of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013295225

Fiscal policy, capital accumulation, and debt in an open economy

Turnovsky, Stephen J. - 1991

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001105945

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Fiscal Policy, Capital Accumulation, and Debt in an Open Economy

Turnovsky, Stephen J.; Sen, Partha - 2022

Book / Working Paper

Fiscal Policy, Capital Accumulation, and Debt in an Open Economy

Turnovsky, Stephen J. - 1990

Book / Working Paper

Mechanics of investment drivers in Chinese economy

Shobande, Olatunji Abdul; Shodipe, Oladimeji Tomiwa - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012176747

Irreversible investment with random delay and partial prepayment

Chen, Pengzhan; Song, Yingda - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013449405

Nonlinear Aggregate Investment Dynamics : Theory and Evidence

Engel, Eduardo; Caballero, Ricardo J. - 2022

In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard sharp (S,s) bands, firms' adjustment policies take the form of a probability of adjustment (adjustment hazard) that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014060783

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Nonlinear Aggregate Investment Dynamics : Theory and Evidence

Engel, Eduardo; Caballero, Ricardo J. - 2003

Book / Working Paper

Testing Keynes' aggregate investment function

Harvey, John Terence - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013252847

Investment, pass-through and exchange rates : a cross-country comparison

Campa, José Manuel - 1995

Persistent link: https://ebvufind01.dmz1.zbw.eu/10000913782

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Investment, Pass-Through and Exchange Rates : A Cross-Country Comparison

Campa, José Manuel; Goldberg, Linda S. - 2022

Book / Working Paper

Investment, Pass-Through, and Exchange Rates : A Cross-Country Comparison

Campa, José Manuel; Goldberg, Linda S. - 2006

Book / Working Paper

Investment, Pass-Through and Exchange Rates : A Cross-Country Comparison

Campa, Jose - 1995

Book / Working Paper

The Signaling Role of Seemingly Myopic Investment Behavior

Aghamolla, Cyrus; Fang, Vivian W.; Fu, Renhui - 2022

This paper exploits the 2003 mutual fund trading scandal to investigate firms’ seemingly myopic investment behavior following negative stock price shocks. Firms affected by the scandal are more likely to meet or marginally beat earnings targets by cutting research and development and other...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014237811

Economic disasters and aggregate investment

Ćorić, Bruno; Šimić, Vladimir - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012664783

Endogenous discounting, investment and Tobin's q

Wu, Ting; He, Linfeng; Zhang, Fang - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012667982

Tangibility, Intangibility, and the Q Theory of Investment

Kayo, Eduardo Kazuo - 2022

In this paper, I propose a method to disentangle the informational content of the average Tobin’s q by decomposing it into tangible q and intangible q. I argue that this decomposition increases the explanatory power of the q theory of investment by considering the different nature of corporate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014244705

Irreversibility and aggregate investment

Bertola, Giuseppe - 1994

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001160742

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Irreversibility and Aggregate Investment

Bertola, Giuseppe; Caballero, Ricardo J. - 2022

Book / Working Paper

Irreversibility and Aggregate Investment

Bertola, Giuseppe - 1991

Book / Working Paper

Liquidity preference, capital accumulation and investment financing : Fernando Cardim de Carvalho's contributions to the post-Keynesian paradigm

Oreiro, José Luís; Paula, Luiz Fernando de; Machado, … - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012310460

Expectations in Tobin's macroeconomics : the Fisherian and Keynesian roots of Tobin's q and corridor of stability

Dimand, Robert W. - 2020

In his q theory of investment, in his analysis of money demand and portfolio choice, and in his analysis of macroeconomic instability, James Tobin focused on expectations of returns on assets and on expectations of inflation. His research was informed by his close study of John Maynard...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012199572

Tobin's Q and financial policy

Chirinko, Robert S. - 1987

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001016504

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Tobin's Q and financial policy

Chirinko, Robert S. - 1986

Book / Working Paper

Tobin'S Q and Financial Policy

Chirinko, Robert S. - 2021

Book / Working Paper

Tobin's Q and Financial Policy

Chirinko, Robert S. - 1986

Book / Working Paper

Did financing constraints cause investment stagnation in Japan after the 1990s?

Sakai, Hirotsugu - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012295927

What do firms do with cash windfalls?

Blanchard, Olivier - 1994

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001170625

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What Do Firms Do with Cash Windfalls?

Blanchard, Olivier; Shleifer, Andrei; … - 2021

Book / Working Paper

What do Firms do with Cash Windfalls?

Blanchard, Olivier J. - 1993

Book / Working Paper

Aggregate investment

Caballero, Ricardo J. - 1999

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001435569

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Aggregate investment

Caballero, Ricardo J. - 1997

Book / Working Paper

Aggregate Investment

Caballero, Ricardo J. - 2021

Book / Working Paper

Aggregate Investment

Caballero, Ricardo J. - 2003

Book / Working Paper

Aggregate Investment

Caballero, Ricardo J. - 1997

Book / Working Paper

Investment and adjustment costs of Korean firms in view of Tobin's q

Kim, Shin-Haing; Kim, Taegi - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012255899

Keynes Rejected Kalecki’s Theory of Investment Because There Is No Major Difference Between Kalecki’s and Tinbergen’s Theories of Investment : Both Kalecki and Tinbergen Accepted Precise Theories of Probability Because They Were Frequentists

Brady, Michael Emmett - 2021

It is quite impossible for Kalecki’s Theory of Effective Demand to have anything to do with Keynes’s Theory of Effective Demand because Kalecki, like Tinbergen, was a frequentist who accepted only precise, exact, additive numerical probability as the general case. For Keynes, probability was...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013249981

Minsky from the bottom up : formalising the two-price model of investment in a simple agent-based framework

Reissl, Severin - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012437305

Uncertainty, depreciation and industry growth

Samaniego, Roberto M.; Sun, Yu - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012264038

Irreversibility, Uncertainty, and Cyclical Investment

Bernanke, Ben - 2021

The optimal timing of real investment is studied under the assumptions that investment is irreversible and that new information about returns is arriving over time. Investment should be undertaken in this case only when the costs of deferring the project exceed the expected value of information...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013227781

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Irreversibility, Uncertainty, and Cyclical Investment

Bernanke, Ben - 1980

Book / Working Paper

Uncertainty, investment, and industry evolution

Caballero, Ricardo J. - 1996

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001204265

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Uncertainty, Investment, and Industry Evolution

Caballero, Ricardo J.; Pindyck, Robert S. - 2021

Book / Working Paper

Uncertainty, Investment, and Industry Evolution

Caballero, Ricardo J. - 1992

Book / Working Paper

Why did the q theory of investment start working?

Andrei, Daniel; Mann, William; Moyen, Nathalie - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012165608

Optimal stabilization rules in a stochastic model of investment with gestation lags

Taylor, John B. - 1983

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001471109

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Optimal Stabilization Rules in a Stochastic Model of Investment with Gestation Lags

Taylor, John B. - 2021

Book / Working Paper

Optimal Stabilization Rules in a Stochastic Model of Investment with Gestation Lags

Taylor, John B. - 1983

Book / Working Paper

Irreversible investment with fixed adjustment costs : a stochastic impulse control approach

Federico, Salvatore; Rosestolato, Mauro; Tacconi, Elisa - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012055890

Ultra-low interest rates and growth in emerging East Asia from a Hayekian perspective

Schnabl, Gunther - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012135351

Firm-Level Investment in France and the United States : An Exploration of What We Have Learned in Twenty Years

Mairesse, Jacques; Hall, Bronwyn H.; Mulkay, Benoît - 2021

Our two related goals in this paper are the following: Firstly and mainly, we want to examine the effects of major changes in modelling strategy and econometric methodology, over the past twenty years, on estimation of firm-level investment equations using panel data. Secondly, we try to assess...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013230971

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Firm-Level Investment in France and the United States : An Exploration of What We Have Learned in Twenty Years

Mairesse, Jacques - 1999

Book / Working Paper

A Dynamic Delegated Investment Model of SPACs

Luo, Dan; Sun, Jian - 2021

We study SPACs in a continuous-time delegated investment model. Our model is built upon three unique features of SPACs: the sponsor and the investor are only partially aligned, a SPAC has a short time horizon, and the investor has the final control over investment approval. Due to the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013211948

"How relevant is capital structure for aggregate investment? : a regime-switching approach"

Simmons-Süer, Banu - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011791725

The dynamics of Tobin's q

Puopolo, Giovanni W. - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011804680

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The Dynamics of Tobin's Q

Puopolo, Giovanni W. - 2016

Book / Working Paper

The Dynamics of Tobin's Q

Puopolo, Giovanni W. - 2016

Book / Working Paper

Flexibility, investment, and growth

Bertola, Giuseppe - 1994

Persistent link: https://ebvufind01.dmz1.zbw.eu/10001170052

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Flexibility, investment, and growth

Bertola, Giuseppe - 1991

Book / Working Paper

Flexibility, investment and growth

Bertola, Giuseppe - 1990

Book / Working Paper

Flexibility, Investment, and Growth

Bertola, Giuseppe - 2021

Book / Working Paper

Flexibility, Investment, and Growth

Bertola, Giuseppe - 1991

Book / Working Paper

Flexibility, investment and growth

Bertola, Giuseppe - 1990

Book / Working Paper

A Stochastic Model of Investment, Marginal Q and the Market Value of Thefirm

Abel, Andrew B. - 2021

This paper presents closed-form solutions for the investment and valuation of a competitive firm with a Cobb-Douglas production function and a constant elasticity adjustment cost function in the presence of stochastic prices for output and inputs. The value of the firm is a linear function of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013218536

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