Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

the influence of public companies' financial performance on Tobin's q as a common measure of investment opportunity for … function should be different for different investment styles. For this reason, we composed two sets of financial ratios that … believe that investment decisions' successfulness depends on the reliability of the issuer's financial statements. In our …

the influence of public companies’ financial performance on Tobin’s q as a common measure of investment opportunity for … function should be different for different investment styles. For this reason, we composed two sets of financial ratios that … believe that investment decisions’ successfulness depends on the reliability of the issuer’s financial statements. In our …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …