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  • Andrew B. Abel and Olivier J. Blanchard, "The Present Value of Profits and Cyclical Movements in Investment," NBER Working Paper 1122 (1983), https://doi.org/10.3386/w1122.

Published Versions

Abel, Andrew B. and Olivier J. Blanchard. "The Expected Present Discounted Value of Profits and the Cyclical Variability of Investment," Econometrica, Vol. 54, No. 2, pp. 249-272, March 1986. citation courtesy of

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