Wen, Yi - Federal Reserve Bank of St. Louis - 2005
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Keywords: Investment, Capital Theory, Inventory, Durable Goods, Pro-
duction Volatility, Sticky Price.
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This is a … influential paper on this subject is Tobin’s (1969) q theory. For the more recent
literature, see Abel, Dixit, Eberly and Pindyck … from capital buyers (at least according to
the textbook theory), it is not clear how this should affect the production and …