macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess … the extent of crowding-in or crowding-out of both components of investment. We also compute the associated macroeconomic … rates of return of public and private investment for each country. The results point mostly to the existence of positive …

their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … corporate investment …

-used probit approach, but the dynamics of regressors are endogenized using a VAR. The combined model is called a ‘ProbVAR’. At any …

euro area as a whole and in its five largest countries. In a Bayesian VAR framework, the two credit supply shocks are …

macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess … the extent of crowding-in or crowding-out of both components of investment. We also compute the associated macroeconomic … rates of return of public and private investment for each country. The results point mostly to the existence of positive …

This study applies a model averaging approach to conditionally forecast housing investment in the largest euro area … investment which calls for country-specific housing market policies. A pseudo out-of-sample forecast exercise shows that our …

This study applies a model averaging approach to conditionally forecast housing investment in the largest euro area … investment which calls for country-specific housing market policies. A pseudo out-of-sample forecast exercise shows that our …

over the last three decades. The analysis is based on a fixed-effects panel VAR estimated using quarterly data for 17 …

aggregate output, investment and labour in an otherwise standard real business cycle model. Lumpy capital leaves the RBC mainly … repsonses. In addition, when modeling lumpy adjustments on both investment and labour, the aggregate effects are even stronger …