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Investment in Inflationary Economies

Investment in Inflationary Economies »

Source: Investment in Inflationary Economies

Volume/Issue: 1996/105

Series: IMF Working Papers

Author(s): Eduardo Levy Yeyati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1996

ISBN: 9781451947571

Keywords: relative price, inflation rate, high inflation, average inflation

The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility;...

Investment in Inflationary Economies

Investment in Inflationary Economies »

Volume/Issue: 1996/105

Series: IMF Working Papers

Author(s): Eduardo Levy Yeyati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1996

DOI: http://dx.doi.org/10.5089/9781451947571.001

ISBN: 9781451947571

Keywords: relative price, inflation rate, high inflation, average inflation

The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility;...