Idiosyncratic Shocks, Lumpy Investment and the Monetary Transmission Mechanism

Reiter, Michaela; Sveen, Tommy; Weinke, Lutz

[working paper]

dc.contributor.author	Reiter, Michaela	de
dc.contributor.author	Sveen, Tommy	de
dc.contributor.author	Weinke, Lutz	de
dc.date.accessioned	2020-08-13T07:57:17Z
dc.date.available	2020-08-13T07:57:17Z
dc.date.issued	2020	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/69059
dc.description.abstract	Standard (S,s) models of lumpy investment allow us to match many aspects of the micro data, but it is well known that the implied interest rate sensitivity of investment is unrealistically large. The monetary transmission mechanism is therefore a particularly clean experiment to assess the macroeconomic relevance of any investment theory. Our results show that lumpy investment can coexist with a realistic monetary transmission mechanism, but that we are nevertheless still a step away from a micro-founded theory of monetary policy.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.title	Idiosyncratic Shocks, Lumpy Investment and the Monetary Transmission Mechanism	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.source.volume	16	de
dc.publisher.country	AUT
dc.publisher.city	Wien	de
dc.source.series	IHS Working Paper
dc.subject.classoz	Wirtschaftspolitik	de
dc.subject.classoz	Economic Policy	en
dc.subject.thesoz	Investition	de
dc.subject.thesoz	investment	en
dc.subject.thesoz	Makroökonomie	de
dc.subject.thesoz	macroeconomics	en
dc.subject.thesoz	Geldpolitik	de
dc.subject.thesoz	monetary policy	en
dc.subject.thesoz	Zins	de
dc.subject.thesoz	interest (on money)	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-69059-3
dc.rights.licence	Creative Commons - Namensnennung 4.0	de
dc.rights.licence	Creative Commons - Attribution 4.0	en
ssoar.contributor.institution	IHS (Wien)	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10037283
internal.identifier.thesoz	10051557
internal.identifier.thesoz	10041141
internal.identifier.thesoz	10062958
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.source.pageinfo	27	de
internal.identifier.classoz	1090302
internal.identifier.document	3
dc.contributor.corporateeditor	Institut für Höhere Studien (IHS), Wien
internal.identifier.corporateeditor	191
internal.identifier.ddc	330
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	16
internal.identifier.pubstatus	1
internal.identifier.review	2
internal.identifier.series	1457
internal.pdf.wellformed	true
internal.pdf.encrypted	false

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