. The model suggests that simultaneous boom-bust cycles in house prices, output, investment, consumption and hours worked …

The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into … account the role their financial health plays in investment decisions. Firms are categorized using a method called the Z …. Based on this method, empirical evidence suggests that firms that have the greatest sensitivity of investment to cash flow …

material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of … corporate financing i.e., bank-based or market-oriented financing structures. Based on a dynamic business investment error … financial position of non-financial corporations has a statistically significant impact on aggregate business investment growth …

indexed to the nominal price and, as a result, their investment is more sensitive to nominal price shocks. We also find that … investment and output respond to a lesser degree. -- Economic models ; Monetary policy framework ; Financial markets …

-sector small open economy model wherein heterogeneous firms face collateralized credit constraints for investment loans. The model … borrowing constraints lead firms to reduce investment and production, which in turn results in some firms holding capital stock …