Irreversibility, Uncertainty, and Investment
Download or Read eBook Irreversibility, Uncertainty, and Investment PDF written by Robert S. Pindyck and published by World Bank Publications. This book was released on 1989 with total page 58 pages. Available in PDF, EPUB and Kindle.
| Author | : Robert S. Pindyck |
| Publisher | : World Bank Publications |
| Total Pages | : 58 |
| Release | : 1989 |
| ISBN-10 | : |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Irreversibility, Uncertainty, and Investment by : Robert S. Pindyck
Book excerpt: Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
