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Booms, recessions and financial turmoil: a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu (contributor); Funke, Michael (contributor) - 2009

Persistent link: https://www.econbiz.de/10003888036

Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu; Funke, Michael - 2009

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief … shows that macroeconomic risk acts as an important deterrent to investments. -- business cycles ; real options ; investment …

Persistent link: https://www.econbiz.de/10003872827

Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu; Funke, Michael - In: Scottish journal of political economy : the journal of … 57 (2010) 3, pp. 290-317

Persistent link: https://www.econbiz.de/10003971036

Booms, Recessions and Financial Turmoil : A Fresh Look at Investment Decisions under Cyclical Uncertainty

Chen, Yu-Fu - 2009

Persistent link: https://www.econbiz.de/10013156881

Monetary policy shocks and peer-to-peer lending in China

Funke, Michael; Li, Xiang; Tsang, Andrew - 2019

This paper studies monetary policy transmission in China's peer-to-peer lending market. Using spectral measures of causality, we explore the impacts of Chinese monetary policy shocks on China's P2P market interest rates and lending amounts. The estimation results indicate significant spectral...