자료유형  

 학위논문

Control Number  

0017161659

International Standard Book Number  

9798382777696

Dewey Decimal Classification Number  

658

Main Entry-Personal Name  

Fernandes, Adriano Henrique.

Publication, Distribution, etc. (Imprint  

[S.l.] : Harvard University., 2024

Publication, Distribution, etc. (Imprint  

Ann Arbor : ProQuest Dissertations & Theses, 2024

Physical Description  

224 p.

General Note  

Source: Dissertations Abstracts International, Volume: 85-12, Section: A.

General Note  

Advisor: Chodorow-Reich, Gabriel;Hanson, Samuel.

Dissertation Note  

Thesis (Ph.D.)--Harvard University, 2024.

Summary, Etc.  

요약This dissertation consists of three chapters, co-authored with Rodolfo Rigato. In the first chapter, we leverage data on large capital expenditure projects in India to establish causal econometric evidence that time to build is endogenous, contrary to the near-universal assumption of exogenous time to build in investment theory. The second chapter develops a theory of investment with endogeneous time to build. We derive novel results on optimal capital budgeting, chiefly that investment may increase with rises in discount rates; and evaluate the role of endogenous time to build for investment fluctuations and stabilization policy. In the third chapter, we estimate weak precautionary savings out of income risk. Replicating this evidence in a Heterogeneous-Agent New Keynesian framework favors models with present-biased households, and implies weaker stabilization effects of unemployment insurance.

Subject Added Entry-Topical Term  

Finance.

Subject Added Entry-Topical Term  

Public policy.

Index Term-Uncontrolled  

Savings

Index Term-Uncontrolled  

Investment

Index Term-Uncontrolled  

Capital expenditure projects

Index Term-Uncontrolled  

Unemployment

Index Term-Uncontrolled  

Capital budget

Added Entry-Corporate Name  

Harvard University Economics

Host Item Entry  

Dissertations Abstracts International. 85-12A.

Electronic Location and Access  

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Control Number  

joongbu:657812