options, and thus model interest rate hysteresis (parallel to revenue uncertainty in Dixit - 1989a). Under stochastic interest … rates, economic hysteresis is found to be significant, even for small sunk costs …

We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … evidence of the importance of sunk costs and hysteresis in international trade in these EMU member countries. What is more, our … and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model. …

We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … and hysteresis in international trade between the member states of the Economic and Monetary Union (EMU). What is more … (Italy, Greece, and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model. …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …

the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis … hysteresis effects on a macroeconomic level. Based on our simple model we are able to obtain some conclusions about the efficacy …