Basu, Parantap; Gillman, Max; Pearlman, Joseph - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2010
A less well-known empirical finding for the US and UK is a pronounced low frequency negative relationship between inflation and Tobin's q; a normalized market price of capital. This stylized fact is explained within a dynamic stochastic general equilibrium model using three key features: (i) a...
