multiplier; (ii) positive long-run output multipliers are obtained only if the generational turnover effect is dominated by the …

investment behavior. The bilateral external benefits induce an investment multiplier effect. This multiplier effect depends in a … characterize how the multiplier effect hinges on market size, and how it interacts with other important factors such as the costs … of investment and the signaling incentives induced by competition …

multiplier. To this end we contrast two different ways to implement the ZLB in a New Keynesian model: the ZLB modeled as an … multiplier are not only due to differences in the timing assumption of government spending but also driven by the choice of the … ZLB modeling. Ceteris paribus, the impact multiplier is higher if the ZLB is modeled appropriately as a constraint …

countries give rise to a 'multiplier effect': when a shock in the international food market drives up (down) its price … activism. We test this theory with a new dataset that comprises monthly information on trade measures across 125 countries and … 29 food products for the period 2008-10, finding evidence of a multiplier effect. Global restrictions in a product (i …

implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … these markets via both domestic production and imports. Consistent with the theory, we find a negative relationship between …

firms' investment decisions. We characterize the conditions under which fire sales occur in equilibrium and their … consequences on firms' investment decisions. We also show that endogenous financial crises may arise in this environment, with …

multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

-enhancing as it increases capital investment. This holds for any tax level and any recycling of the tax revenues except for …