Bubbles, fundamentals, and investment: a multiple equation testing strategy
Article Abstract:
A multiple equation testing strategy used for the study of bubbles, fundamentals and investment yields certain empirical results. Findings indicate that stock market bubbles exist, but these do not influence investment spending. Statistical tests, robustness checks and collateral evidence support the fact that real investment decisions are based on fundamentals.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Reconciling conflicting evidence on the elasticity of intertemporal substitution: a macroeconomic perspective
Article Abstract:
Two contradictory approaches to the elasticity of intertemporal substitution, such as the empirical studies model and calibrated models in consumer theory, are analyzed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Estimating the long-run user cost elasticity
Article Abstract:
Significance and estimation of long term user cost elasticity is discussed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The interest rate, learning, and inventory investment. Negative nominal interest rates. Aggregate short interest and market valuations
- Abstracts: Benefit and distance functions. Search and Knightian uncertainty. Invariant risk attitudes
- Abstracts: Real interest rates and central bank operating procedures. The case for inflation stability. Tax distortions and the case for price stability
- Abstracts: Innovation, market structure and firm size: a simultaneous equations model. Technological opportunity and the relationship between innovation output and market structure
- Abstracts: Money and capital investment in South Africa: a dynamic specification model. Specialisation-based external economies, supply of primary factors and government size