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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 …
Persistent link: https://www.econbiz.de/10012842965
complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …
Persistent link: https://www.econbiz.de/10013213779
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 …
Persistent link: https://www.econbiz.de/10013314918
will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …
Persistent link: https://www.econbiz.de/10013316813
and only if the investment elasticity of the tax base is lower than the investment elasticity of the apportionment factor …
Persistent link: https://www.econbiz.de/10013316828
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 …
Persistent link: https://www.econbiz.de/10013316889
equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high …
Persistent link: https://www.econbiz.de/10013311708
sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the …
Persistent link: https://www.econbiz.de/10012833741
We examine settings - such as litigation, labor relations, or arming and war - in which players first make non-contractible up-front investments to improve their bargaining position and gain advantage for possible future conflict. Bargaining is efficient ex post, but we show that a player may...
Persistent link: https://www.econbiz.de/10012843431
strong dampening impact on the effects of prices increases on investment. We also find strong and significant negative …
Persistent link: https://www.econbiz.de/10012892216