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Chirinko, Robert S. (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641757

Do bubbles lead to overinvestment? : a revealed preference approach

Chirinko, Robert S.; Schaller, Huntley - 2011

firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …

Persistent link: https://www.econbiz.de/10009153871

On the German monetary transmission mechanism : interest rate and credit channels for investment spending

Chirinko, Robert S.; Kalckreuth, Ulf von - 2003

The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …

Persistent link: https://www.econbiz.de/10011514118

The irreversibility premium

Chirinko, Robert S. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003662980

Venture capital investment and labor market performance : a panel data analysis

Belke, Ansgar; Fehn, Rainer; Foster-McGregor, Neil - 2002

Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper takes a...

Persistent link: https://www.econbiz.de/10011408964

Corporate taxation, capital formation, and the substitution elasticity between labor and capital

Chirinko, Robert S. - 2002

This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework translates tax policy legislation into real outcomes, and identifies three parameters that play a central role in determining the impact on policy. The remainder of the paper...

Persistent link: https://www.econbiz.de/10011409809

The marginal product of capital : a persistent international puzzle

Chirinko, Robert S. (contributor); … - 2008

Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the core implications of the neoclassical framework. Lucas (1990) and many subsequent studies have examined reasons for this MPK differential. In a recent contribution, Caselli and...

Persistent link: https://www.econbiz.de/10003751180

Modelling the "option value of waiting" : more evidence on the costs of intra-European exchange rate volatility

Belke, Ansgar; Gros, Daniel - 1998

Persistent link: https://www.econbiz.de/10000979562

Evidence on the costs of intra-European exchange rate variability

Belke, Ansgar; Gros, Daniel - 1997

Persistent link: https://www.econbiz.de/10000965782

International capital allocations and the Lucas Paradox redux

Chirinko, Robert S.; Mallick, Debdulal - 2019

This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...

Persistent link: https://www.econbiz.de/10012057304