exchange rates for time series of sectoral investment. Both theoretically and empirically we show that investment … respect to the share of imported inputs in production. Important differences exist in investment endogeneity across high and … low markup sectors, with investment in low markup sectors often significantly more responsive to exchange rates. Cross …

the network-specific technology result in a hold-up problem that implements the low-investment equilibrium. And even where … subsidies can avoid such hold-up, optimal monopoly pricing of network usage may avoid investment in the network …

We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by … supply and investment. We show that these idiosyncratic bank shocks explain 40 percent of aggregate loan and investment …

We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an … investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more …

Do investors confuse the quality of a firm with its attractiveness as an investment? If so, shares of well …