Showing 1 - 9 of 9
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
We contribute to the empirical literature on the relationship between corporate taxes and investment. We exploit the … capital spending of Belgian corporations, we focus on the indirect effect of taxes on investment via their impact on free cash …-flow. We use the systematic variation of the cash-flow sensitivity of investment between small and medium versus large firms to …
Persistent link: https://www.econbiz.de/10010488037
financing and buyouts by private equity investors on investment of portfolio firms in the UK and France - two countries with … higher investment levels and a lower dependence on internal funds after expansion financing. Buyouts financed by venture … capital companies are neither associated with a decrease in investment spending nor with an increase in the dependence on …
Persistent link: https://www.econbiz.de/10003861459
aggregated equilibrium investment (interpreted as conflict intensity) and underlying network characteristics. The derived results …
Persistent link: https://www.econbiz.de/10003850903
Persistent link: https://www.econbiz.de/10003471566
We develop a general equilibrium model with heterogeneous firms à la Melitz (2003), where both the government and firms can invest into R&D to improve the country’s technological potential. A higher technological potential raises the average productivity of firms, thus implying lower consumer...
Persistent link: https://www.econbiz.de/10010357830
capacity investment must be chosen under uncertainty about demand conditions and capacity availability, and that capacity as … correspond to externalities of electricity generation (e.g., greenhouse gas reductions), and investment subsidies should …
Persistent link: https://www.econbiz.de/10010253455
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