developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it …

shock. Our estimated model uncovers a central role for investment in the transmission mechanism of monetary policy, as high … MPCs amplify the investment response in the data. This force also generates a procyclical response of consumption to … investment shocks, leading our model to infer a central role for these shocks as a source of business cycles …

complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … consideration, the governments carry out a dynamic game of public investment. We show that the dynamic equilibrium of the policy … certain level, the infrastructure stock decreases (increases) over time, and the world economy will end up in autarky (two …

will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …

and only if the investment elasticity of the tax base is lower than the investment elasticity of the apportionment factor …

that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …

equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high …