more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

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 translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …