shocks. Consistent with neoclassical views, however, technological factors are the most important investment determinant on …The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological … factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely … and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

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

There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic … activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks … has changed substantially over time. The negative response of GDP growth to such shocks has become smaller over time …

We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two … identifying exogenous and unexpected fiscal shocks under the narrative approach: natural disasters and the associated government … GDP, private consumption, real wage and investment are all positive, which is in accord with the New Keynesian model …

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a … demand and supply shocks. The results show that higher macroeconomic uncertainty, as measured by higher world industrial … production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price …

macroeconomic effects of adverse loan supply shocks, which are identified using sign restrictions. We find that loan supply shocks … crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was …

firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that … among state-owned enterprises. The heterogeneous firm response to labor cost shocks can be explained by differences in …