| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16889 |
| 来源ID | Working Paper 16889 |
| What Explains the Lagged Investment Effect? | |
| Janice C. Eberly; Sergio Rebelo; Nicolas Vincent | |
| 发表日期 | 2011-03-17 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans (2005) predicts the presence of a lagged-investment effect and that a generalized version of their model is consistent with the behavior of firm-level data from Compustat. |
| 主题 | Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w16889 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574564 |
| 推荐引用方式 GB/T 7714 | Janice C. Eberly,Sergio Rebelo,Nicolas Vincent. What Explains the Lagged Investment Effect?. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16889.pdf（584KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
