Showing 1 - 10 of 407
guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …
Persistent link: https://www.econbiz.de/10010293451
Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding? This study applies Auto-Regressive Distributed Lag (ARDL) method on the 50-years' time series data, from 1967 to 2015, of Kitakyushu City, Japan, and found mixed evidence for...
Persistent link: https://www.econbiz.de/10012865070
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial …
Persistent link: https://www.econbiz.de/10011807630
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK. The 'Great Recession' has been different from those that occurred in the 1980s and 1990s. It has been both deeper and longer, but also the composition of the cutbacks in...
Persistent link: https://www.econbiz.de/10010500198
This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the initial conditions of the economy, such as the financing needs of the government or previous fiscal deficits, affect that relationship. We use yearly data between 1970...
Persistent link: https://www.econbiz.de/10013208449
In this paper, we elaborate on the notion of effective consumption and its role in determining the outcome of fiscal changes. More specifically, we investigate whether government consumption, by acting either as a complement or a substitute to private consumption, can help explain the...
Persistent link: https://www.econbiz.de/10013208466
We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …
Persistent link: https://www.econbiz.de/10010292308
adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …
Persistent link: https://www.econbiz.de/10010321704
emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …
Persistent link: https://www.econbiz.de/10010327059
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10011430112