financial markets work, and stress the vital need of preventing financial devices that result in productive investment crowding-out …

level, raises the amount of investment per worker in the economy compared to a one-tier bargaining scheme, in which earnings … investment per worker and the presence of a two-tier bargaining agreement that we find in a representative sample of Italian …

This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …

channels of the capital stock effects, i.e. using variables like interest rates or investment ratios in the estimation of …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively … investment proxies, empirical model specifications, and a variety of country-level controls. Further evidence shows that firm …

of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover effects … from intangible investment at the market sector level, including from R&D, (b) strong evidence of market sector spillovers …