responds positively to surprises in labor productivity growth. However, we do not reject the hypothesis that the real long …

rapid economic and productivity growth, surging corporate profitability, sustained business investment in many areas …

investment, lower short term interest rates make delay more desirable. These influences work against each other so the net effect … of stimulative monetary policy actions could go either way. This article outlines a simple investment decision rule that … or may not affect fixed investment. …