dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive … investors supply them. Because of this, bubbly episodeschannel resources towards productive investment raising the growth rates … of capital and output. Themodel also illustrates that the existence of bubbly episodes requires some investment to be …

What determines the firm's choice of its mechanism of investment financing? How is the choice of the firm's financing … model of the credit market where the equilibrium lending mechanism, as well as the economy's aggregate investment and output …

channels of thecapital stock effects, i.e. using variables like interest rates or investment ratios in theestimation of single …

-level investment is procyclical. We show that a heterogeneousfirmRBC model with quantitatively realistic countercyclical innovations in … investment rate distribution, produces investmentdispersion that positively comoves with the cycle, with a correlationcoefficient …

boost the investment of private firms...... …