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In this paper I assess empirically the sign of the uncertainty-investment relation in Brazil within a quadratic … investment can be enlarged with the adoption of a sustainable macroeconomic policy that rules out uncertainty-yielding shocks … investment. …
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I study the dynamics of shiftwork when the demand for the output of the firm is stochastic and adjusting the number of shifts entails irreversible costs. The analysis reveals the existence of a gap between the level of demand that triggers activation of a shift and the level of demand that...
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