created the incentives for firms to pay the costs of investment. Trade-induced innovation reinforced the selection effect by …

shops on Sunday. In this paper we examine the impact of Sunday trade deregulation on employment, expenditure, prices and …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment … investment response to demand shocks. This implies the responsiveness of firms to any given policy stimulus may be much lower in …

employment, investment and productivity, and a moderate loss in GDP. This temporary impact of a second moment shock is different …

dismissal and severance policies. Firms with better investment prospects have higher managerial turnover and rely on more front …