-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 prefer Conflict ex ante if there are sufficient asymmetries in strength. There … are two sources of this finding. First, up-front investments are more dissimilar between players under Conflict, and they …

, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part … relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …

Macroeconomic and sector-specific shocks exert differential effects on investment in disaggregate sectoral data. The … monotonically. A calibrated model of investment with convex capital adjustment costs and rational inattention explains these … features of the data. The model matches the empirical responses of sectoral investment because learning about shocks generates …

When investment is irreversible, theory suggests that firms will be "reluctant to invest." This reluctance creates a … wedge between the discount rate guiding investment decisions and the standard Jorgensonian user cost (adjusted for risk). We …

We examine the extent to which government ideology has influenced monetary policy in OECD countries since the 1970s. In … the 1972-2010 period, Taylor rule specifications do not suggest a relationship between government ideology and monetary … policy was, however, associated with government ideology in the 1990s: short-term nominal interest rates were lower under …

, in turn, new populist parties that offer more polarized platforms. I investigate whether government ideology influences … ideology-induced policies implemented by established parties. Dragnet- controls confine citizens’ liberties, but may help to … evaluating how government/party ideology influences individual policies, previous econometric studies ignored initiatives in …