Last edited by Taugrel
Thursday, July 16, 2020 | History

2 edition of Short-run policy commitment when investment timing is endogenous found in the catalog.

Short-run policy commitment when investment timing is endogenous

Gerda Dewit

Short-run policy commitment when investment timing is endogenous

"more harm than good?"

by Gerda Dewit

  • 391 Want to read
  • 34 Currently reading

Published by National University of Ireland, Maynooth in Maynooth, Co. Kildare .
Written in English


Edition Notes

StatementGerda Dewit & Dermot Leahy.
SeriesWorking papers series (National University of Ireland, Maynooth, Department of Economics) -- N140/09/04
ContributionsLeahy, Dermot., National University of Ireland, Maynooth. Department of Economics.
The Physical Object
Pagination23,[6]p. ;
Number of Pages23
ID Numbers
Open LibraryOL16237662M

C t is consumption, I t is investment, Y t is total income or GDP, G t is government spending, and r t is the interest rate. The t subscripts refer to period t. (1) C t = a 1 + a 2 Y t + e t (2) I t = b 1 + b 2 r t + u t (3) Y t = C t + I t + G t Equation (1) is the consumption function, equation (2) is the investment .   I. I ntroduction. Boom-bust cycles in investment are among the most studied phenomena in macroeconomics. Since Kydland and Prescott (), it has been understood that these cycles are more pronounced in settings in which there is a lag between investment plans and their ists have sought to understand how a variety of frictions, including time-to-build Cited by:

Specifically, Ghemawat discusses: * how to identify the choices that are truly strategic -- that involve commitment -- before rather than after the fact * how to analyze the short-run and long-run competitive positions implied by a particular strategic option * how to assess the sustainability of superior competitive positions over time * how. Macroeconomics for the Long Run and for the Short Run. Book chapter -Reference no. MHEBC We then go on to explain why it is useful to develop separate macroeconomic theories for the long run and for the short run. Finally, we end the chapter by summing up the different assumptions underlying macroeconomic models for the short run versus.

Presidents Short Run Fiscal Policy American Recovery and Reinvestment Act o. Presidents short run fiscal policy american recovery School Harvard University; Course Title EC 10; Type. Test Prep. Uploaded By chapstickchick. Pages 20 This preview shows page 9 - 11 out of 20 pages. This book was the real economics textbook, and, as the title indicates, it focused on what makes a nation wealthy. After the Great depression in s, Macroeconomics focused on the study of the business cycle, or short run expansions and contractions.


Share this book
You might also like
Health, disease, and healing in medieval culture

Health, disease, and healing in medieval culture

Foraminifera and ostracoda of the topmost triassic and basal jurassic of England, Wales and Austria.

Foraminifera and ostracoda of the topmost triassic and basal jurassic of England, Wales and Austria.

Mwp 2003: International Topical Meeting on Microwave Photonics: Proceedings

Mwp 2003: International Topical Meeting on Microwave Photonics: Proceedings

Supplemental endowment fund

Supplemental endowment fund

H.R. 2332, the Binational Great Lakes-Seaway Enhancement Act of 1999

H.R. 2332, the Binational Great Lakes-Seaway Enhancement Act of 1999

successful Christian school

successful Christian school

centenary memoir, 1820-1921.

centenary memoir, 1820-1921.

Help kids say no to drugs and drinking

Help kids say no to drugs and drinking

Neutral position casting techniques

Neutral position casting techniques

Short-run policy commitment when investment timing is endogenous by Gerda Dewit Download PDF EPUB FB2

We introduce endogenous leadership in a game between government and firms, in which the government has short-run commitment power only and firms choose when to invest. We introduce endogenous leadership in a game between government and firms, in which the government has short-run commitment power only and firms choose when to invest.

We show that firms that delay investment in the absence of government intervention have an incentive to invest early and strategically under policy activism. BibTeX @MISC{Dewit04short-runpolicy, author = {Gerda Dewit and Dermot Leahy}, title = {Short-run policy commitment when investment timing is endogenous: “More}, year = {}}.

We introduce endogenous leadership in a game between government and firms, in which the government has short-run commitment power only and firms choose when to invest. We show that firms that delay investment in the absence of government intervention have an incentive to invest early and strategically under policy : Gerda Dewit and Dermot Leahy.

Gerda Dewit & Dermot Leahy, "Short-run policy commitment when investment timing is endogenous: "More harm than good?"," Economics, Finance and Accounting Department Working Paper Series n, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.

Short-run policy commitment when investment timing is endogenous: "More harm than good?" Economics, Finance and Accounting Department Working Paper Series, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth See also Journal Article in Bulletin of Economic Research ().

'“Short-run policy commitment when investment timing is endogenous: More harm than good?”' Dewit, G. and D. Leahy () '“Short-run policy commitment when investment timing is endogenous: More harm than good?”'.

BULLETIN OF ECONOMIC RESEARCH, 'Should I stay or should I go. Investment timing decisions of managers under endogenous contracts The endogenous choice of the volatility. If the investment option is exercised, the value of the manager's payoff and the value of debt at the time the investment option is exercised are (13) Cited by: 7.

'Short‐Run Policy Commitment When Investment Timing Is Endogenous: ‘More Harm Than Good?' Dewit, G. and D. Leahy () 'Short‐Run Policy Commitment When Investment Timing Is Endogenous: ‘More Harm Than Good?'. Bulletin of Economic Research, Post Keynesian Approaches to Endogenous Money Davidson, P.

() On the endogeneity of money once more, Journal of Post Keynesian Economics, 11, pp. –Author: Giuseppe Fontana. Some authors endogenised the investment timing of one firm only (for instance, Appelbaum and Lim ()), while others explored endogenous timing in output games with uncertainty (examples are.

Endogenous Stackelberg Leadership J. TiroleCapital as a Commitment: Strategic Investment to Deter Mobility. Firm Scale and the Endogenous Timing of Entry: A Choice between Commitment and Flexibility, Working PaperDepartment of Economics, University of by: We explore the significance of employee compensation and alternative (reservation) income on investment timing, endogenous default, yield spreads and capital structure.

Introduction. Most of the business cycle literature is based on models with perfect competition between firms producing homogenous goods, as in the real business cycles (RBC) tradition started by Kydland and Prescott ().This assumption leads to marginal cost pricing and to indeterminate market structures where strategic interactions are by: The aim of this paper is to generalize the endogenous timing game (ETG) proposed by Hamilton and Slutsky (() Games and Economic Behavior, 2, 29 − 46) to cases where the payoff or the.

Introduction. Many studies related to corporate risk management assume that the entrepreneur is homogenous. However, almost all of the experimental studies on individual's time preference suggest human's time preference varies with time, which implies that the assumption of time Cited by: 2.

Endogenous Variable: An endogenous variable is a classification of a variable generated by a statistical model that is explained by the relationships between functions within Author: Will Kenton.

Monetary Policy. Chapter Fiscal Policy. Chapter Consumption and Investment. Chapter Money & Finance. Chapter The Open Economy in the Short Run. Chapter Inflation and Unemployment in the Open Economy.

Chapter Shocks and Policy Responses in the Open Economy. Chapter Interdependent Economies. Chapter Exogenous. The Investment Process: As Characterized By Leading Life Insurance Companies [Walter, James E.] on *FREE* shipping on qualifying offers.

The Investment Process: As Characterized By Leading Life Insurance CompaniesCited by: 3. Optimal time-consistent fiscal policy in an endogenous growth economy with public consumption and capital. Alfonso Novales (), Rafaela Perez and Jesus Ruiz ().

NoDocumentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico Cited by: 3.

investment goals and a wide variety of funding situations. These factors may well be relevant, but the responses from Survey Participants also reveal considerable differences in their processes.

The biggest tension in the asset allocation process seems to be that, while asset owners generally have long investment time horizons.This commitment was supported by the deliberate abandonment of any new land or population surveys, and a conscious non-investment in monitoring infrastructure.

As seen in Fig. 4, the Qing gradually built up their reserves and entered into a prolonged phase of silver reserve accumulation during the 18th century, which was a period of political Cited by: 2.Commitment: The Dynamic of Strategy before rather than after the fact * how to analyze the short-run and long-run competitive positions implied by a particular strategic option * how to assess the sustainability of superior competitive positions over time * how to account for the flexibility afforded by a particular option in dealing with Cited by: