Showing 1 - 3 of 3
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/10012034406
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 the scenarios of certainty and uncertainty. We capture the … direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the …
Persistent link: https://www.econbiz.de/10011994756
Corporate investment in Germany has been relatively weak for a prolonged period after the financial crisis. This was … remarkable given that interest rates and overall economic activity, important determinants of corporate investment, developed … of the economy that may influence economic behavior, such as investment decisions. In this paper, we use Latent Dirichlet …
Persistent link: https://www.econbiz.de/10012617091