This paper studies how investment and production in an economy is allocated across sectors when they face asymmetric … translate into a similar hump-shaped relationship between interest rates and the ratio of aggregate investment across sectors …. We claim that this paper provides helpful insights to understand the pattern of sectoral reallocation of investment and …

models, such as AR or VAR models, cannot in general be used to model seasonally adjusted or detrended data. The second one is …

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 …

This paper focuses on the effects of fiscal policy in Spain analysed in a VAR context. Fiscal shocks are found to have … small, though significant, effects on GDP, private consumption, private investment, interest rates and prices. The pattern …

This paper analyses the impact that firms' financial position has on investment decisions using panel data from a large … pressure appears relevant in explaining investment dynamics when it is proxied by cash flow, indebtedness and debt burden. The … results also show differences in the sensitivity of investment rates to changes in financial pressure across countries, which …

specific characteristics of their technology and economic activity. Interaction effects between investment and labour demands …