with an investment function very close to Kalecki's original writings. The effects of interest rate variations on the short … endogenously determined equilibrium values of the model do not only depend on the parameter values in the saving and investment … growth with respect to the specification of the investment function. …

We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …

This paper argues that the investment–savings imbalances of households and companies play an important role in … determining the probability that an economy experiences a credit-less recovery, following a recession. The investment–savings gap …-less recoveries are indeed associated with both low and declining financing needs of the private sector, as proxied by the investment …

investment. Combining Italian aggregate and firm-level data, we show that firms reduced their investment and reallocated … assets can be used as collateral while intangibles cannot, thus reallocating resources towards tangible investment to offset …

investment in energy-efficient technology, but the challenge for developing economies i.e. Nigeria's funding, remains challenging …

investment loans. We find that a negative credit shock to one country induces a sharp contraction in that country's economy …

tries to resolve this puzzle. Following the definitions of the World Bank, we construct China’s financial structure index …