explicitly considers the dynamics of demand, prices, profits, and investment. The outcomes of the initial wage rise are found to … mainstream approach to analyzing the effects of wage increases.-- Distributional Changes ; Disequilibrium ; Investment ; Growth …

I study the interaction between lumpy investment and asset prices in both time-series and cross-section. To this end, I …. Finally, the model matches key macroeconomic moments and the cross-sectional investment rate …

We argue that secular change in both the production and composition of investment goods has weakened private investment … the production of investment goods amplify the response of consumption to monetary policy shocks by varying labor income … investment goods production has declined, (ii) the import share of investment goods has risen, and (iii) the composition of …