Firms expect certain investment expenditures. Firms realize certain investment expenditures. The difference is an … investment surprise. With the help of the IFO Investment Survey for the German manufacturing sector we measure firms …’ (quantitative) investment expectations and firms’ (quantitative) investment realizations on a yearly basis and construct a panel of …

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

Changes in firms’ investment expenditures are considered one of the primary channels through which energy price shocks … are transmitted to the economy. It is widely believed that the response of business fixed investment to energy price … business fixed investment in equipment and structures cannot be reconciled with standard theoretical explanations of asymmetric …

This paper explores the dynamic behavior of investment and hiring within a unified framework, stressing their mutual … results, the fit is achieved without implying high adjustment costs. The interaction of hiring and investment costs is … significant and is negatively signed, implying complementarity between investment and hiring. There is a substantial role for …

Structural vector autoregressive (VAR) models were introduced in 1980 as an alternative to traditional large … of the structural VAR methodology often were atheoretical in that users paid insufficient attention to the conditions … identifying assumptions the structural VAR literature has continuously evolved since the 1980s. This survey traces the evolution …

We evaluate the Smets-Wouters model of the US using indirect inference with a VAR representation of the main US data …