Belke, Ansgar; Göcke, Matthias - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 319-345
The interest rate is generally considered as an important driver of macroeconomic investment characterised by a … innovation we derive the exact shape of the "hysteretic" impact of rate changes on macroeconomic investment under different sorts … to stimulate investment in times of low or even zero interest rates and uncertainty. …
