formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and … business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian … banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle …

the development of the parameters which determine human and physical capital growth, technical progress and technology …

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 …This study highlights the importance of investment-specific technological (IST) progress in affecting the business …

This volume assesses the effects of industrial policy at three levels: through the user cost of capital, through the …