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Monetary policy transmission in the CEECs : a comprehensive analysis

Héricourt, Jérôme - HAL - 2005

This paper aims at providing better supported results regarding monetary policy transmission in Central and Eastern European countries (CEECs). In the general frame of VAR models, our study differs from previous research in two main respects. Firstly, we provide estimations which do not rely on...

Persistent link: https://www.econbiz.de/10010750679

Monetary policy transmission in the euro area: New evidence from micro data on firms and banks

Chatelain, Jean-Bernard; Generale, Andrea; Vermeulen, Philip - HAL - 2003

This paper presents an overview of the results of a research project on monetary transmission pursued by the Eurosystem, which has analysed micro data on firms and banks in several countries of the euro area in great detail. There is strong empirical support for an interest rate channel working...

Persistent link: https://www.econbiz.de/10010750800

Improving aid effectiveness in aid-dependent countries : lessons from Zambia

Beuran, Monica; Raballand, Gaël; Revilla, Julio - HAL - 2011

Zambia was a middle-income country when it achieved independence from Great Britain in 1964. After decades of … international aid Zambia has become a low-income country, and its per capita GDP is only now returning to the levels it had reached … over forty years ago. While aid is far from the only variable at work in Zambia's development, its impact has been …

Persistent link: https://www.econbiz.de/10011025870

Overview of the Current Food Security Crisis in Zambia

Samatebele, Helen M - HAL - 2003

Zambia was economically prosperous at independence (1964), due to the thriving copper industry. Zambia has the … economy. Zambia is one of the countries in the southern Africa sub-region faced with a food crisis attributed to a complex …

Persistent link: https://www.econbiz.de/10010618120

Measuring corruption: perception surveys or victimization surveys?

Roca, Thomas - HAL - 2011

While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have access to population's feeling about the corruption...

Persistent link: https://www.econbiz.de/10009323507

Assessing the Interaction between Real Estate and Equity in Households Portfolio Choice

Beaubrun-Diant, Kevin Elie; Maury, Tristan-Pierre - HAL - 2011

In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households by simultaneously considering their stock market participation and home tenure choices. There is already a huge body of literature on housing status (own/rent) decisions and many contributions...

Persistent link: https://www.econbiz.de/10009353873

Venture capital in bank - and market - based economies

Saillard, Adeline; Url, Thomas - HAL - 2011

The determinants of venture capital investment have attracted a significant amount of attention from both academics and policymakers. We use a version of the Keuschnigg-Nielsen model for venture-capital-financed projects to condition our analysis on a reasonable set of exogenous variables but we...

Persistent link: https://www.econbiz.de/10010605320

Using ex post data to estimate the hurdle rate of abatement investments - an application to sulfur emissions from the Swedish pulp and paper industry and energy sector

Löfgren, Åsa; Millock, Katrin; Nauges, Céline - HAL - 2008

We propose a method for estimating hurdle rates for firms' investments in pollution abatement technology, using ex post data. The method is based on a structural option value model where the future price of polluting fuel is the major source of uncertainty facing the firm. The econometric...

Persistent link: https://www.econbiz.de/10010750596

Using Ex Post Data to Estimate the Hurdle Rate of Abatement Investments – An Application to the Swedish Pulp and Paper Industry and Energy Sector

Millock, Katrin; Nauges, Céline; Löfgren, Åsa - HAL - 2007

We propose a method for estimating hurdlerates for firms' investments in pollution abatement technology, using expost data. The method is based on a structural option value model where thefuture price of polluting fuel is the major source of uncertainty facing thefirm. The econometric procedure...

Persistent link: https://www.econbiz.de/10010750797

Investment and the Cost of Capital in the Nineties in France: A Panel Data Investigation

Chatelain, Jean-Bernard; Tiomo, Andre - HAL - 2002

Using a large panel of 6,946 French manufacturing firms, this paper investigates the effect of the cost of capital and on cash flow on investment from 1990 to 1999. We compare several specifications of neo-classical demand for capital, taking into account transitory dynamics. The user cost of...

Persistent link: https://www.econbiz.de/10010750869