, investment, and the production technology. A three-step decision structure is assumed, with short-run adjustment of output …

surpluses will experience a sharp decline. Investment, on the other hand, remains weak, partially due to the fact that Brexit …

factor, and external investment adjustment costs. First-order conditions of the model are estimated by the generalized method … of moments using manufacturing industry data from the US, Canada, West Germany, the UK (all 1960.I-1988.IV), France (1970 …

In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to …

Wir betrachten ein intertemporales Gleichgewichtsmodell mit Lohnverhandlungen am Arbeitsmarkt und diskutieren die …

production structures in accordance with their comparative advantages. Labor market outcomes in Germany - especially when …

This paper studies the implications of technical progress through investment-specific technical change in a business … needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump … persistent endogenous fluctuations in total factor productivity. Simulations suggest a limited role for investment …