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Financial shocks and the relative dynamics of tangible and intangible investment: Evidence from the euro area
Gareis, Johannes; Mayer, Eric - 2020
We develop an extended real business cycle (RBC) model with financially con-strained firms and non-pledgeable intangible capital. Based on a model-consistentseries for firms' borrowing conditions, we find, within a structural vector autoregres-sion (SVAR) framework, that, in response to an...
Persistent link: https://www.econbiz.de/10012254873
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Euler equations and money market interest rates : the role of monetary policy and risk premium shocks
Gareis, Johannes; Mayer, Eric - In: Economics letters 120 (2013) 1, pp. 27-31
Persistent link: https://www.econbiz.de/10009760498
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Financial Shocks and the Relative Dynamics of Tangible and Intangible Investment : Evidence from the Euro Area
Gareis, Johannes - 2020
We develop an extended real business cycle (RBC) model with financially con-strained firms and non-pledgeable intangible capital. Based on a model-consistentseries for firms' borrowing conditions, we find, within a structural vector autoregres-sion (SVAR) framework, that, in response to an...
Persistent link: https://www.econbiz.de/10012826228
Cover Image
Euler equations and money market interest rates: The role of monetary policy and risk premium shocks
Gareis, Johannes; Mayer, Eric - In: Economics letters 120 (2013) 1, pp. 27-31
Persistent link: https://www.econbiz.de/10010119283