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of economic dynamics besides German unification: These include leaving labor idle, a declining share of investment in GDP … training and an erosion of the export position with a reduced attractiveness for foreign direct investment. The issue is raised …
Persistent link: https://www.econbiz.de/10010265594
future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …
Persistent link: https://www.econbiz.de/10010273126
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 …
Persistent link: https://www.econbiz.de/10012141203
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012141204