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1
Fixed Investment and Capital Flows : A Real Options Approach
by
Chan-Lau, Jorge
Published 1998
International Monetary Fund
“
..., and investment during
recessions
and emphasizes sunk costs, uncertainty, and the value of waiting. The optimal...
”
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2
Asymmetry in the U.S. Output-Inflation Nexus : Issues and Evidence
by
Laxton, Douglas
Published 1995
International Monetary Fund
“
.... outputinflation process developed in the paper shows that the seeds of large
recessions
, such as that in 1981-82...
”
Read Now
3
Capacity Constraints, Inflation and the Transmission Mechanism : Forward-Looking Versus Myopic Policy Rules
by
Clark, Peter
Published 1995
International Monetary Fund
“
... policy rule and allows the economy to overheat periodically will be forced to impose large
recessions
...
”
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330 - Economics
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International Monetary Fund
3
Author
Clark, Peter
Laxton, Douglas
2
Rose, David
2
Chan-Lau, Jorge
1
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