detail the impact of low oil prices on investment. The framework alsocaptures the impact of current and planned policies on … investment, partly offsetting the sharpdecline in oil investment. Improvements in productivity are essential to lift potential …

We document that (i) although private investment growth in emerging markets has decelerated in recent years, it came … down from cyclical highs and remains close to pre-crisis trends; and (ii) investment-to-output ratios generally remain … close to or above historical averages. We show that investment is positively related to expect future profitability, cash …

We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes … the costs of external borrowing and (ii) a real options channel-reflecting firms' option values to delay investment. We … find evidence of the coexistence of both channels. Financially weaker firms reduce investment by more in response to higher …

's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to …

where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …

Serbia) are characterized by some of the highest unemployment and low employment rates in Europe. We analyze the poor labor …