values or have more investment opportunities, investors, on average, are more optimistic and ride along the momentum thus …

rates - is determined to equate the world aggregate of investment demand to the world aggregate of desired national saving …

real interest rate changes. I show that investment coordination failures are more likely to occur at lower levels of …-bust investment cycles …

The paper argues that the several theories used to support the traditional thesis of a dependence of investment on the … significant dependence of aggregate investment on the interest rate, are not surprising: there is simply no convincing theoretical …

rates — is determined to equate the world aggregate of investment demand to the world aggregate of desired national saving …