Using micro data from Duke University quarterly survey of Chief Financial Officers, we show that corporate investment … plans as well as actual investment are well explained by CFOs' expectations of earnings growth. The information in …

investment plans as well as actual investment are well explained by CFOs' expectations of earnings growth. The information in …

We present a model of investment hangover motivated by the Great Recession. In our model, overbuilding of residential … economy enters a liquidity trap with limited reallocation and low output. The drop in output reduces nonresidential investment … through a mechanism similar to the acceleration principle of investment. The burst in nonresidential investment is followed by …