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In an economy where entrepreneurs with unequal "abilities" face alternative investment projects, which differ in degree …
Persistent link: https://www.econbiz.de/10005780673
In an economy where entrepreneurs with unequal "abilities" face alternative investment projects, which differ in degree …
Persistent link: https://www.econbiz.de/10005113664
relationship between US monetary policy and commodity prices by means of a standard VAR system, commonly used in analysing the …
Persistent link: https://www.econbiz.de/10009654295
-country structural VAR with no exogeneity assumption. The analysis reveals the following results. First, in response to an unexpected …
Persistent link: https://www.econbiz.de/10005770775
The paper examines the evolution of consumer confidence indices in Australia, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America since the 1970s, by modelling them in a multivariate framework of common macroeconomic variables for each country. Results...
Persistent link: https://www.econbiz.de/10005113579
In this paper we present an overview of theoretical and empirical contributions exploring the inter-linkages between financial factors and real economic activity. We first revisit the main theoretical approaches that allow financial frictions to be embedded into general equilibrium models, and...
Persistent link: https://www.econbiz.de/10011171338
We investigate the possible existence of asymmetries among Euro Area countries� reactions to the European Central Bank monetary policy. Our analysis is based on a Structural Dynamic Factor model estimated on a large panel of Euro Area quarterly variables. Although the introduction of the...
Persistent link: https://www.econbiz.de/10011099616
We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries we estimate neo-classical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …
Persistent link: https://www.econbiz.de/10005113530
and service sectors on capital stock, investment and value added. Our econometric estimates of an investment function …
Persistent link: https://www.econbiz.de/10005196846
exports on domestic demand for investment. In the last decade China has increased its dependence on external demand … rest of emerging Asia. Since 2001 investment expenditures have represented a key driver of Chinese GDP growth; as a very … large share of activity in the manufacturing sector is export oriented, we expect fixed capital investment in this sector to …
Persistent link: https://www.econbiz.de/10005770792