Showing 1 - 10 of 2,509
We use disaggregated data on the components of private fixed investment (PFI) to estimate industry-level responses of … real investment and capital prices to unanticipated monetary policy. The response functions derive from a restricted large … and quantities. For assets belonging to the equipment category of fixed investment, we find that quantities rather than …
Persistent link: https://www.econbiz.de/10011124289
In most manufacturing industries output is adjusted in a lumpy way along three margins: shiftwork, weekend work, and closing a plant temporarily down. We incorporate such decisions into a dynamic general equilibrium model and study: (i) if such micro-level nonconvexities magnify business cycles;...
Persistent link: https://www.econbiz.de/10008528720
A standard two-sector sticky price model with flexibly priced durables depicts negative co-movement between durables and non-durables after a monetary policy shock, which is at odds with the empirical evidence. This paper proposes a new channel, non-separable preferences with a small wealth...
Persistent link: https://www.econbiz.de/10011108630
Since the beginning of the decade, numerous economic and monetary unification projects have aroused a lot of interest. The reinforcement of economic and monetary integration, especially in Europe, has set a trend for the creation of a monetary union in many others regions of the world. Since...
Persistent link: https://www.econbiz.de/10011260997
I examine the transmission of expansionary U.S. monetary policy in case where developing countries-including China-peg their currencies to the dollar. I evaluate the value of the dollar peg as a fraction of consumption that households would be willing to pay for the dollar peg to remain as well...
Persistent link: https://www.econbiz.de/10011113718
The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and … Model techniques. The long run estimation reveals causality between investment and saving for the entire sample. The Granger … causality tests confirm this result and validate the presence of bidirectional causal relationship between investment and saving …
Persistent link: https://www.econbiz.de/10011275130
This study investigates the relationship between saving, investment and economic growth for India over the period 1950 … test show that higher saving and investment lead to higher economic growth, but the reciprocal causality is not observed …. Further, it is empirically evident that saving and investment led growth is coming from the household sector. It may be …
Persistent link: https://www.econbiz.de/10011259639
savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual …'s abilities on self savings, where the investment is considered as major motivating vehicle for economic activity due to its … and creating job opportunities and achieving economic development. Subsequently, the importance of the investment comes …
Persistent link: https://www.econbiz.de/10009223348
measures of saving and investment understate both the extent to which we save and the extent of the resources that we allocate … to investment. Moreover, the national accounts data do not allow us to monitor substitution between tangible and …
Persistent link: https://www.econbiz.de/10005836551
implications for the relationship between investment, finance and saving are drawn. …
Persistent link: https://www.econbiz.de/10008587504