We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices … total investment in firms with more intangible assets responds less to monetary policy, and that intangible investment … responds less to monetary policy compared to tangible investment. We identify two mechanisms behind these results. First, firms …

fall in firms' costs of equity, we find that better capitalized banks enjoy lower equity costs. Our baseline estimations …' funding costs …

The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … the role of elevated labor costs in hindering the recovery. Specifically, labor costs rose faster than labor productivity … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …

Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most …, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics … and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens …

and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …

This paper analyzes the evolution of investment in China, its main features, and its key determinants. In recent years …, manufacturing, real estate, and infrastructure have been the main drivers of investment. Investment remains largely concentrated in … determinants of investment indicates that financial variables, such as interest rates, the exchange rate, and the depth of the …

Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been … trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic … investors have been less prominent. This may be one reason why such high investment has delivered Caribbean growth rates below …

. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many … countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The study will …