impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

Euro-zone only is no longer much smaller that the premium of firms that export beyond the Euro-zone, too, and the premium … significant and large only shows up for enterprises that exported to the Euro-zone already and start to export to countries …-econometric studies for 16 different countries on the relationship between export destination and firm performance. (2) It reports …