Persistent and Transitory shocks, learning and investment dynamics: paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands"
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Hamburg
HWWA-Inst. für Wirtschaftsforschung
1999
|
| Series: | HWWA-Diskussionspapier
77 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 54 S. graph. Darst. |
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| 245 | 1 | 0 | |a Persistent and Transitory shocks, learning and investment dynamics |b paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" |c Bartholomew Moore, Huntley Schaller [HWWA-Institut für Wirtschaftsforschung : Hamburg] |
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Record in the Search Index
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| adam_text | Contents:
1. Introduction 9
2. The Model 13
3. Simulation Procedures and Parameters 19
4. Some Interesting Aspects of Investment With Learning 21
5. The Sluggish Response of Investment to Shocks 24
6. The Responsiveness of Investment to Changes in the Interest Rate 26
7. Kurtosis 29
8. R2 and Durbin Watson 31
9. Conclusion 36
References 37
Appendix A: Linearization 40
Table 1: Characteristics of Investment and the Capital Stock Under Learning 42
Figure 1: Investment when the Interest Rate State is Observable 43
Figure 2: Time Variability in the Responsiveness of Investment to Interest
Rate Changes 44
Figure 3: Adjustment to Persistent Shocks with Learning 45
Figure 4: Estimate of Ep vs. Percent of Var (rt) due to the Persistent Shock 46
Figure 5: The Difference Between Estimates of Ep with and without Learnings
vs. (rH rL )/5 47
Figure 6: A Comparison of I/K when the State is Observable and Under
Learning 48
Figure 7: Time Path of Qs and QE 49
Figure 8: The Relationship Between 5VS /5qs and the Percent of Var (rt) due to
the Persistent Shock 50
Figure 9: The Relationship Between R2 and 5VS /5Qs 51
Figure 10: Time Path of QL and QE 52
Figure 11: The Difference Between R2 with Learning and R2 without Learning
vs. (m il )/ 5 53
Figure 12: The Relationship Between the Durbin Watson Statistic and the
Proportion of Var (rt) due to the Persistent Shock 54
5
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| indexdate | 2024-07-09T18:34:43Z |
| institution | BVB |
| language | English |
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| publishDate | 1999 |
| publishDateSearch | 1999 |
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| series | HWWA-Diskussionspapier |
| series2 | HWWA-Diskussionspapier |
| spelling | Moore, Bartholomew Verfasser aut Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" Bartholomew Moore, Huntley Schaller [HWWA-Institut für Wirtschaftsforschung : Hamburg] Hamburg HWWA-Inst. für Wirtschaftsforschung 1999 54 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier HWWA-Diskussionspapier 77 Gesamtwirtschaftliche Investitionstheorie / Betriebswirtschaftliche Investitionstheorie / Schock / Realzins / Stochastischer Prozess / Lernprozess / Betriebliche Investitionspolitik / Anpassung / Theorie Investitionstheorie (DE-588)4162257-1 gnd rswk-swf (DE-588)1071861417 Konferenzschrift gnd-content Investitionstheorie (DE-588)4162257-1 s DE-604 Schaller, Huntley Sonstige oth HWWA-Diskussionspapier 77 (DE-604)BV008317661 77 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008740683&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Moore, Bartholomew Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" HWWA-Diskussionspapier Gesamtwirtschaftliche Investitionstheorie / Betriebswirtschaftliche Investitionstheorie / Schock / Realzins / Stochastischer Prozess / Lernprozess / Betriebliche Investitionspolitik / Anpassung / Theorie Investitionstheorie (DE-588)4162257-1 gnd |
| subject_GND | (DE-588)4162257-1 (DE-588)1071861417 |
| title | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" |
| title_auth | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" |
| title_exact_search | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" |
| title_full | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" Bartholomew Moore, Huntley Schaller [HWWA-Institut für Wirtschaftsforschung : Hamburg] |
| title_fullStr | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" Bartholomew Moore, Huntley Schaller [HWWA-Institut für Wirtschaftsforschung : Hamburg] |
| title_full_unstemmed | Persistent and Transitory shocks, learning and investment dynamics paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" Bartholomew Moore, Huntley Schaller [HWWA-Institut für Wirtschaftsforschung : Hamburg] |
| title_short | Persistent and Transitory shocks, learning and investment dynamics |
| title_sort | persistent and transitory shocks learning and investment dynamics paper presented at the hwwa workshop august 26 27 1999 on uncertainty and factor demands |
| title_sub | paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands" |
| topic | Gesamtwirtschaftliche Investitionstheorie / Betriebswirtschaftliche Investitionstheorie / Schock / Realzins / Stochastischer Prozess / Lernprozess / Betriebliche Investitionspolitik / Anpassung / Theorie Investitionstheorie (DE-588)4162257-1 gnd |
| topic_facet | Gesamtwirtschaftliche Investitionstheorie / Betriebswirtschaftliche Investitionstheorie / Schock / Realzins / Stochastischer Prozess / Lernprozess / Betriebliche Investitionspolitik / Anpassung / Theorie Investitionstheorie Konferenzschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008740683&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV008317661 |
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