Idiosyncratic Shocks, Lumpy Investment and the Monetary Transmission Mechanism
Abstract: Standard (S, s) models of lumpy investment allow us to match many aspects of the micro data, but it is well known that the implied interest rate sensitivity of investment is unrealistically large. In fact, the micro-level lumpiness in investment puts empirical discipline on the modeling of investment decisions, and this makes it hard to explain the monetary policy transmission mechanism.
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource
- Sprache
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Englisch
- Erschienen in
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Idiosyncratic Shocks, Lumpy Investment and the Monetary Transmission Mechanism ; volume:23 ; number:2 ; year:2023 ; pages:1037-1055 ; extent:19
The B.E. journal of macroeconomics ; 23, Heft 2 (2023), 1037-1055 (gesamt 19)
- Urheber
- DOI
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10.1515/bejm-2022-0129
- URN
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urn:nbn:de:101:1-2023090114090922924955
- Rechteinformation
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
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14.08.2025, 10:57 MESZ
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Beteiligte
- Reiter, Michael
- Sveen, Tommy
- Weinke, Lutz
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