Investment under uncertainty with a zero lower bound on interest rates

DOI10.1016/J.ECONLET.2020.108954zbMath1431.91407OpenAlexW2999194924WikidataQ126346373 ScholiaQ126346373MaRDI QIDQ2300365

George Dotsis

Publication date: 27 February 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2020.108954

zbMATH Keywords

zero lower boundirreversible investment decisionsshadow interest rate

Mathematics Subject Classification ID

Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cites Work

• Black's Model of Interest Rates as Options, Eigenfunction Expansions and Japanese Interest Rates
• An equilibrium characterization of the term structure

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