investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … type of uncertainty proxy, we document pronounced negative investment responses to uncertainty shocks. We further show that …Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in …

Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries …

We investigate within a continuous time setting how Knightian uncertainty characterized by k-ignorance affects the … optimal timing policies of a risk-neutral and uncertainty averse investor in the case where the exercise payoff is monotonic …. We prove that increased Knightian uncertainty unambiguously decreases the value of the optimal timing policy of an …

This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search … underinvestment on both sides of the market. But when market frictions become negligible, the equilibrium investment levels tend …

This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. -- innovation …

transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …