-pronged approach to investigate the relationship between corporate leverage and fixed investment spending. The empirical analysis …

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …

While there is a substantial body of literature on the effects of “debt overhang” on investment in heavily … of foreign debt acts as a disincentive to private investment in the specific case of the Philippines. The empirical … reduction (such as the one completed through the buyback operation in early 1990) would increase investment demand by something …

are only effective when bank executives' mobility is restricted. It also suggests, irrespective of the degree of labor … market mobility, bonus caps simultaneously reduce risk shifting by bank executives (too much risk taking because of limited … liability), but aggravate underinvestment (bank executives foregoing risky but productive projects). Hence, the welfare effects …

irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater … effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility …