Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on … (nonstrategic) firms have asymmetric information about abatement costs, and all agents use Markov Perfect decision rules. Emissions … taxes create a secondary distortion at the investment stage, unless a particular condition holds; emissions quotas do not …

periodically impacting aggregate productivity and, as a consequence, GDP growth. …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

by the beliefs and actions of agents. The theory of Rational Belief (see Kurz [1994]) permits rational agents to hold … structure of market expectations. To make the case for this theory we present a single RBE model, which builds on developments …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large … positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent … ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors …