This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …

The anemic U.S. economic recovery and the threat of a double-dip recession stem from the weakness of investment, due to ….e., the all-time-high indebtedness in the face of falling asset prices) are preventing investment from picking up and are …

trends in output, consumption and investment) to provide new evidence on this question(using subsaharan africa as a case …

In this paper a model of aggregate investment is derived which incorporates fixed investment costs and capital market … imperfections on the micro-level. Aggregate investment reacts nonlinearily with respect to aggregate shocks to productivity and …-run effect of liquidity on investment is found, which is inconsistent with models that explain the empirical correlation of …

which credit market distortions cause overinvestment. When investment projects are equity financed, or when contracts are …

there is no investment in equilibrium, even though it is socially optimal that agents (eventually) invest in cycles. Another …

set of facts about the amplitude of inventory investment and its sectoral and time heterogeneity. …