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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• Full‐information estimation of heterogeneous agent models using macro and micro data
• The importance of hiring frictions in business cycles
• Artificial neural networks to solve dynamic programming problems: a bias-corrected Monte Carlo operator
• Heterogeneous producers facing common shocks: an overlapping-generations example
• On the interaction of financial frictions and fixed capital adjustment costs: evidence from a panel of German firms
• Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach
• Estimating linearized heterogeneous agent models using panel data
• Tax‐and‐transfer progressivity and business cycles
• Optimal investment policy with fixed adjustment costs and complete irreversibility
• Investment options and the business cycle
• Block-recursive equilibria in heterogeneous-agent models
• A method for solving and estimating heterogeneous agent macro models
• Commitment and investment distortions under limited liability
• Discussion of: ``On the possibility of Krusell-Smith equilibria

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