-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …

maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …

output (meaning a reduction in the domestic savings rates) and 24% was used to increase the rate of investment. However …This paper examines the effect of aid on domestic savings in Sub-Saharan Africa. It departs from the previous … literature on aid and savings in developing countries by abandoning the pervasive, but untenable, assumption that all aid is used …

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. …

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …

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. …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium …