Intangible Investment and Low Inflation: A Framework and Some Evidence

Intangible Investment and Low Inflation: A Framework and Some Evidence
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic aggregate supply in recent years, which is consistent... READ MORE...

Publication date: September 2020
ISBN 9781513557335
$18.00

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Publication date: September 2020

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