Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

DOI10.1111/J.1468-0262.2008.00837.XMaRDI QIDQ5456471zbMATH OpenOpenAlexFDO

Authors Aubhik Khan, Julia K. Thomas

Publication date 8 April 2008

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w12845.pdf

zbMATH Keywords

lumpy investment\((S,s)\) policiesquantitative general equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50) Special types of economic equilibria (91B52)

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• On the interaction of financial frictions and fixed capital adjustment costs: evidence from a panel of German firms
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• The importance of hiring frictions in business cycles
• Optimal investment policy with fixed adjustment costs and complete irreversibility
• Investment options and the business cycle
• A theory of probabilistic economic equilibria
• Estimating linearized heterogeneous agent models using panel data
• Falling interest rates and credit reallocation: lessons from general equilibrium
• Commitment and investment distortions under limited liability
• A method for solving and estimating heterogeneous agent macro models

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