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Documentos 1 a 4 de 4
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Taxa de juros e os investimentos
1991. A 1990 repetition of a research on the motives to invest of major Brazilian firms originally conducted in 1970. And a comparison between the two results, showing that with the rise of the interest rate, it became more relevant in the decision process. (Research report/NPP/EAESP/FGV).
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Acumulação de capital, lucros e juros
1974 [1991]. A survey of the theory of the decision to invest and a critique of the neoclassical emphasis on the interests or on the nomal proftits. Investments, as the classical economists knew, depend essentially on profit expectations substantially higher than the interst rate. Variations in the expected profit rate are more important in explaining capital accumulation than variations in the interest rate. It elaborates "A decisião de investir, os lucros e os juros". (Paper: Texto para Discussão FGV Economia)
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Investment Decision and the Interest Rate in Normal and Exceptional Times
1991. Based on research conducted in 1970 and repeated in 1990, this paper shows that, in 'abnormal times', when the interest rate is abnormally high, business enterprises' decisions on investment take into consideration the interest rate more attentively than they do in normal times. (Paper presented to LASA meeting)
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A decisão de investir, os lucros e os juros
1970. Adopting a classical perspective, this paper argues that variations in the expected profit rate and the corresponding shifts of the marginal efficiency of capital curve are more important in explaining investments than variations in the interest rate. I further developed this analysis in "Acumulação de capital, lucros e juros". (Paper: Texto para Discussão)
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