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Wirtschaftspolitische Maßnahmen, zu denen Politiker in Zeiten der Stagnation greifen, um sich die Gunst ihrer Wähler zu sichern, reflektieren vor allem parteipolitische Interessen und Kompromisse und stellen eher zufällig volkswirtschaftlich sinnvolle Maßnahmen dar. Um auf die...
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This study highlights the importance of investment-specific technological (IST) progress in affecting the business … investment goods across different vintages, which raises payouts from new investments while inducing capital losses of older … investment goods. I develop a DSGE model that focuses on asset valuation by capital owners, considering their net wealth. The …
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