Search Results - subject:"investment elasticity"

Upstream financial flows, intangible investment, and allocative efficiency

Zhang, Haiping - In: Journal of macroeconomics 72 (2022), pp. 1-17

Persistent link: https://www.econbiz.de/10013329600

Open Capital Account: Concrete Wealth or Paper Wealth

Cai, Junning; Gangnes, Byron - EconWPA - 2004

, while risk aversion causes low investment elasticity and hence reduces the total benefit of capital account liberalization … investment elasticity. We show that a positive yet uncertain future productivity shock is likely to cause consumption booms …

Persistent link: https://www.econbiz.de/10005125556

Baby Boom, Asset Market Meltdown and Liquidity Trap

Cai, Junning - EconWPA - 2004

A so-called “asset market meltdown hypothesis” predicts that baby boomers’ large savings will drive asset market booms that will eventually collapse because of the boomers’ large retirement dissavings. As good news to baby boomers, our analysis shows that this meltdown hypothesis is...

Persistent link: https://www.econbiz.de/10005126480