Behavior

Consumption Investment Open Economy Money & Prices

We estimate the wisdom of nations by seeing what they did with their surplus capital.

— Ralph Waldo Emerson

Economics 302: Macroeconomic Analysis

Investment

Background:

Blanchard, chapter 16 (pp. 341–351, 354), chapter 15 (pp. 322–323, 326–329, 332–333), chapter 3 (pp. 58–61).

Analysis:

Hafer, Rik. "The Missing Link," Commentary, The Wall Street Journal, January 28, 2004.
"Don't Blame the Savers," The Economist, September 16, 2005. [PDF version]

In The News:

"Deep Discount," The Economist, June 24, 1999. [PDF version]
Kramer, Charles. "Asia's Investment Puzzle," Finance and Development, v. 43, n. 2 (June 2006).
"Momentous Modelling," The Economist, February 1, 2007. [PDF version]

Going Further:

Kopcke, Richard W. with Richard S. Brauman. "The Performance of Traditional Macroeconomic Models of Businesses' Investment Spending," New England Economic Review, Federal Reserve Bank of Boston, no. 2, 2001, pp. 3–39.