-08, thus underlining the relevance of financing and credit conditions to investment and economic activity in turbulent times …

-08, thus underlining the relevance of financing and credit conditions to investment and economic activity in turbulent times …

investment from 1990 to 1999 through the cost-of-capital and the cash-flow channels. We compare several specifications of neo …

investment decisions. Our findings support the hypothesis that financial flexibility relates to companies’ ability to undertake … future investment, despite market frictions hampering possible profitable growth opportunities. JEL Classification: G31, G32 …

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 …

output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts … investment, as the proximate cause for this fact, the source of the consumption difference remains a puzzle. JEL Classification …

This paper studies the effects of monetary policy on the investment behaviour of various categories of Italian firms … collateral are more affected by monetary policy. In quantitative terms, the difference in the response of investment by different …

We formulate and estimate a structural model of firm investment behavior that specifies the exact channel through which … that both real and financial frictions have an important effect on firm investment dynamics. JEL Classification: E22 …