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Further evidence on the relationship between firm investment and financial status
Chirinko, Robert S.; Kalckreuth, Ulf von - 2002
des Cash-Flow bei finanziell beschränkten Unternehmen höher liegt. Dieses für die Theorie finanzieller Beschränkungen …
Persistent link: https://www.econbiz.de/10011431837
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A Vectorautoregressive Investment Model (VIM) and monetary policy transmission : panel evidence from German firms
Breitung, Jörg; Chirinko, Robert S.; Kalckreuth, Ulf von - 2003
) supplemented with user costs of capital and confidential measures of creditworthiness, we generate GMM estimates of a … Vectorautoregressive Investment Model (VIM). It contains investment and cash flow as endogenous variables, and the user costs of capital …, and business investment is responsive to interest rates embedded in the user cost of capital. Second, allowing real and …
Persistent link: https://www.econbiz.de/10011432001
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Should the individual voting records of central bankers be published?
Gersbach, Hans; Hahn, Volker - 2001
We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...
Persistent link: https://www.econbiz.de/10011419080
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Voting transparency and conflicting interests in central bank councils
Gersbach, Hans; Hahn, Volker - 2001
This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...
Persistent link: https://www.econbiz.de/10011419124