| Integrating Tobin's Q with Goodwin's Nonlinear Accelerator | |||||||
Abstract | |||||||
| This paper derives an optimal investment function that combines Tobin's q with Goodwin's nonlinear accelerator. It provides microfoundations to the backward looking behaviour of investment in Goodwin's model, and simultaneously allows the study of Tobin's q into a business cycle model.. investment, business cycles; tobin's q | |||||||
Publication details | |||||||
| |||||||