Janice C. Eberly

Department of Finance
Kellogg School of Management
Northwestern University
2211 Campus Drive
Evanston, IL 60208
Tel: 847/467-1840
Fax: 847/491-5719

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: AP , EFG , ME
NBER Affiliation: Research Associate
Institutional Affiliation: Northwestern University

NBER Working Papers and Publications

August 2019Comment on "From Good to Bad Concentration? U.S. Industries over the Past 30 Years"
in NBER Macroeconomics Annual 2019, volume 34, Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors
June 2019The Federal Reserve’s Current Framework for Monetary Policy: A Review and Assessment
with James H. Stock, Jonathan H. Wright: w26002
May 2019Understanding Weak Capital Investment: the Role of Market Concentration and Intangibles
with Nicolas Crouzet: w25869
March 2011What Explains the Lagged Investment Effect?
with Sergio Rebelo, Nicolas Vincent: w16889

Published: Eberly, Janice & Rebelo, Sergio & Vincent, Nicolas, 2012. "What explains the lagged-investment effect?," Journal of Monetary Economics, Elsevier, vol. 59(4), pages 370-380. citation courtesy of

February 2010Comment on "Guaranteed versus Direct Lending: The Case of Student Loans"
in Measuring and Managing Federal Financial Risk, Deborah Lucas, editor
May 2009Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
with Andrew B. Abel, Stavros Panageas: w15010

Published: Abel, A. B., Eberly, J. C. and Panageas, S. (2013), Optimal Inattention to the Stock Market With Information Costs and Transactions Costs. Econometrica, 81: 1455–1481. doi: 10.3982/ECTA7624

March 2008Investment and Value: A Neoclassical Benchmark
with Sergio Rebelo, Nicolas Vincent: w13866
August 1997The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment
with Andrew B. Abel: w6148

Published: Abel, Andrew B. & Eberly, Janice C., 1998. "The mix and scale of factors with irreversibility and fixed costs of investment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 101-135, June. citation courtesy of

November 1995The Effects of Irreversibility and Uncertainty on Capital Accumulation
with Andrew B. Abel: w5363

Published: Journal of Monetary Economics, Vol. 44, no. 3 (December 1999): 339-377. citation courtesy of

August 1995Options, the Value of Capital, and Investment
with Andrew B. Abel, Avinash K. Dixit, Robert S. Pindyck: w5227

Published: Quarterly Journal of Economics, vol. 111, no. 3, pp. 753-777, August 1996. citation courtesy of

April 1995Optimal Investment with Costly Reversibility
with Andrew B. Abel: w5091

Published: Review of Economic Studies, vol.63, no.4, pp.581-593, August 1996. citation courtesy of

July 1993An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
with Andrew B. Abel: w4412

Published: Journal of Economic Dynamics and Control, Vol. 21 (1997): 831-852.

March 1993A Unified Model of Investment Under Uncertainty
with Andrew B. Abel: w4296


  • American Economic Review, Vol. 84, no. 1 (December 1994): 1369-1384. citation courtesy of
  • The Economic Legacy of Robert Lucas, Jr., Hoover, Kevin D., ed.: Edward Elgar Publishing, October 1999.

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