Showing 1 - 10 of 904
Persistent link: https://www.econbiz.de/10000596862
Persistent link: https://www.econbiz.de/10001242831
We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low, and little investment takes place. This slows growth and confirms the prediction that the...
Persistent link: https://www.econbiz.de/10012473183
Persistent link: https://www.econbiz.de/10007354575
Persistent link: https://www.econbiz.de/10007003131
Persistent link: https://www.econbiz.de/10003785469
Persistent link: https://www.econbiz.de/10003574116
Persistent link: https://www.econbiz.de/10003574155
Persistent link: https://www.econbiz.de/10009618808
Persistent link: https://www.econbiz.de/10001620301