The Housing Project -- In the Beginning -- The Turn -- The Crisis -- Constructive Paranoia -- New Normal -- Tequila and Treasuries -- Edge -- Grow or Die -- Ratfucked -- Taper Tantrum -- Secretariat -- Gross Bill -- Stealing the Firm -- Minutes -- Epilogue.

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...