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We present a comparable set of results on the monetary transmission channels on firm investment for the four largest euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing over 215,000 observations from 1985 to 1999, we explore...
Persistent link: https://www.econbiz.de/10011431058
This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial constraints, to their link with firms data and assets prices, and to their impact in macroeconomic modelling. The key issue is to ground much more the interpretation of the...
Persistent link: https://www.econbiz.de/10011623445
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We present a comparable set of results on the monetary transmission channels on firm investment for the four largest euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing over 215,000 observations from 1985 to 1999, we explore...
Persistent link: https://www.econbiz.de/10001643188
Persistent link: https://www.econbiz.de/10001827768
capital using traditional Within estimates, or as long as cash-flow is not added to the regression when using Generalised …
Persistent link: https://www.econbiz.de/10001720883
Persistent link: https://www.econbiz.de/10003331940
investment from 1990 to 1999 through the cost-of-capital and the cash-flow channels. We compare several specifications to neo … with respect to capital using traditional Within estimates, or as long as cash-flow is not added to the regression when … sensitive to cash-flow are added in the model, the user cost elasticity is significant again …
Persistent link: https://www.econbiz.de/10013320262
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