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Business investment in the euro area strongly declined during the Global Financial Crisis and the Sovereign Debt Crisis … analyse the sluggish recovery in business investment in the euro area and the role of monetary policy in three steps. We … investigate the main factors that have impeded business investment since the Global Financial Crisis. We empirically analyse how …
Persistent link: https://www.econbiz.de/10011878290
form of investment cycles. These quasi-periodic movements can be represented as low order, stochastic, dynamic processes … with complex eigenvalues. Specifically, there is a fixed investment cycle of about 8 years and an inventory cycle of about … adjustment costs both in relation to the capital stock and the rate of investment. By means of parametric resonance it was …
Persistent link: https://www.econbiz.de/10010440436
and the relative price of investment to investigate the relationship between neutral technology and investment … algorithms. The results indicate that total factor productivity and the relative price of investment are, each, well … technology and investment-specific technology follow independent processes is not supported by the features of the time series …
Persistent link: https://www.econbiz.de/10014090017
We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …
Persistent link: https://www.econbiz.de/10014483612
We use disaggregated data on the components of private fixed investment (PFI) to estimate industry-level responses of … real investment and capital prices to unanticipated monetary policy. The response functions derive from a restricted large …-scale VAR estimated over 1959-2007. Our results point to significant cross-sector heterogeneity in the behavior of PFI prices …
Persistent link: https://www.econbiz.de/10011124289
In this paper we use a vector autoregressive approach to analyze the effects of infrastructure investment on economic …
Persistent link: https://www.econbiz.de/10011160810
In this paper we analyze the effects of infrastructure investment on economic performance in Portugal using a newly … on twelve different types of infrastructure investment on private investment, employment and output. We find that the …
Persistent link: https://www.econbiz.de/10011160813
Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...
Persistent link: https://www.econbiz.de/10009764876
. Parameters of VAR model of cyclical changes in inventories, savings and import are also estimated. The results show that change …
Persistent link: https://www.econbiz.de/10010959504
. Parameters of VAR model of cyclical changes in inventories, savings and import are also estimated. The results show that change …
Persistent link: https://www.econbiz.de/10011228259