Narrow search
Showing 1 - 3 of 3
Cover Image
Uncertainty and Investment: The Financial Intermediary Balance Sheet Channel
Chen, Sophia - International Monetary Fund (IMF) - 2015
Rollover risk imposes market discipline on banks’ risk-taking behavior but it can be socially costly. I present a two-sided model in which a bank simultaneously lends to a firm and borrows from the short-term funding market. When the bank is capital constrained, uncertainty in asset...
Persistent link: https://www.econbiz.de/10011242305
Cover Image
The Tax-adjusted Q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives
Chen, Sophia; Dauchy, Estelle - International Monetary Fund (IMF) - 2014
intangible intensity. We estimate our model using temporary investment tax incentive policies in the United States in the early … 2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally …
Persistent link: https://www.econbiz.de/10011142115
Cover Image
Mauritius The Drivers of Growth—Can the Past be Extended?
Svirydzenka, Katsiaryna; Petri, Martin - International Monetary Fund (IMF) - 2014
around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education …
Persistent link: https://www.econbiz.de/10011142138