Elasticidade-juros da demanda de investimentos: uma análise histórico comparativa

Abstract

The purpose of the presente máster dissertation is to analyse the impacto of changes in the interest rate on the level of investment; seeking to answer if it is powerful as an instrument of macroeconomic policy to estimulate the autor believes that interest rate affect investment but it is a bad instrument to recuperate the level of investment. To achieve this answer the master dissertation is organized as follow; in the first part a survey with the main theories and recent developments about the investment decision is showed; in the second part the author construct a panel showing the differences between the years and in the last part, two questionaires, applied in different decades, are compared to show the impact of different cenarios.

Trata da influência da taxa de juros na decisão de investir. Apresenta as principais teorias de decisão de investimento. Suporta a conclusão com base em dois questionários aplicados, respectivamente nos anos 1970 e 1990, às cem maiores empresas paulistas, por patrimônio líquido.