-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …

We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The … host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to … higher investment levels and increases host country revenues, but hurts profits of international investors …

This paper identifies the mechanism through which financial crises exert long-term negative effects on output. Theory ….2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level …

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and …

Theory recommends aligning the tax treatment of debt and equity. A few countries, notably Belgium, have introduced an …, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no …

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake – this is …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We …

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …