A \(Q\)-theory model with lumpy investment

DOI10.1007/S00199-013-0794-7zbMath1297.91105OpenAlexW2147328727MaRDI QIDQ405713

Jianjun Miao, Peng-fei Wang

Publication date: 5 September 2014

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-013-0794-7

zbMATH Keywords

business cyclesgeneral equilibriumadjustment costsgeneralized \((Slumpy investmentmarginal \(Q\)s)\) rule

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Dynamic stochastic general equilibrium theory (91B51) Stochastic difference equations (39A50)

Related Items (1)

What inventories tell us about aggregate fluctuations -- a tractable approach to \((S,s)\) policies

Cites Work

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• Tobin's Marginal q and Average q: A Neoclassical Interpretation
• Investment Under Uncertainty
• State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
• Aggregation and Optimization with State-Dependent Pricing
• Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach
• Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics
• On the Nature of Capital Adjustment Costs

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