Private investment and macroeconomic adjustment : an overview

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Private investment and macroeconomic adjustment : an overview, Volume 1

Author:	Serven, Luis; Solimano, Andres;	Collection Title:	Policy, Planning and Research Department working papers ; no. WPS 339
Date Stored:	1989/12/01	Document Date:	1989/12/31
Document Type:	Policy Research Working Paper	Language:	English
Major Sector:	Finance	Report Number:	WPS339
Sub Sectors:	Other Finance; Financial Adjustment	SubTopics:	Environmental Economics & Policies; International Terrorism & Counterterrorism; Economic Theory & Research; Banks & Banking Reform; Financial Intermediation
Volume No:	1

Summary: This paper reviews current investment theories, recent models linking macroeconomic policies and private investment, and the effect of uncertainty and credibility on irreversible investment decisions. Empirical studies on the subject are also reviewed, and the general implications of this literature for the design of growth-oriented adjustment programs are discussed.


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