Economics, Econometrics and Finance
4 years ago

Irreversible Decisions in Uncertain Times: Impact on Investment Cycles

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The Quarterly Journal of Economics
Irreversibility, Uncertainty, and Cyclical Investment
Ben Bernanke

Paper Summary

The article explores how uncertainty and irreversible decisions affect cyclical investment patterns. The researchers found that firms facing uncertainty tend to delay investments, leading to cyclical fluctuations in the economy.

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