Endogenous Fluctuations of Investment and Output in a Model of Discrete Capital Adjustments
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Keywordsbusiness cycles; lumpy investment; variable capacity utilization; nonlinear dynamics;
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-BEC-2009-06-03 (Business Economics)
- NEP-DGE-2009-06-03 (Dynamic General Equilibrium)
- NEP-MAC-2009-06-03 (Macroeconomics)
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