This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …

macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows … public finances. It also shows that adaptation investment has large returns in terms of private investment, employment …

particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of …

How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign … model of the world oil market à la Kilian and Murphy (2013), since both imply a positive co-movement of oil prices and … the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short …

This paper studies private investment in India against the backdrop of a significant investment decline over the past … decade. We analyze the potential causes of weaker investment at the firm level, using both firm-level financial statements … and a novel dataset on firms' investment project decisions, and find that financial frictions have played a role in the …

, consumption, and investment growth, but only up to a certain point. At very high levels, such as those observed in many advanced … economies, financial depth amplifies consumption and investment volatility. We also find strong evidence that deeper financial …