non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …

-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine …

the determinants of telecommunications investments and presents two possible solutions to the investment problem. The …

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …

asymmetry is the response of nonresidential fixed investment to energy price shocks. In the third chapter, I show that the … apparent asymmetry in the estimated responses of business fixed investment in equipment and structures is largely an artifact … expenditures, and (2) of ignoring an exogenous shift in investment caused by the 1986 Tax Reform Act. Once symmetry is imposed and …

This thesis examines the relationship of monetary policy and investment in a theoretical framework in which monetary … the Treatise (1930), but more completely in the General Theory (1936). The treatment of monetary forces in economic growth … models is examined. It is found that the money, investment relationship, with close money, real interaction, is appropriately …

affects investment and firm finance in the United States and the United Kingdom. Younger firms paying no dividends exhibit the … or liquidity – and drive the response of aggregate investment. Older companies, in contrast, hardly react at all. After a … amplifying the effects of monetary policy on investment …

mechanism behind this finding, we first explore the intensive margin and show that high-MRPK firms increase their investment and …