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untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar …
Persistent link: https://www.econbiz.de/10009467170
In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used theoretical framework for addressing various normative issues such as how optimal monetary and fiscal policy should be conducted. However, the New Keynesian Model has been criticized...
Persistent link: https://www.econbiz.de/10009482289
the determinants of telecommunications investments and presents two possible solutions to the investment problem. The …
Persistent link: https://www.econbiz.de/10009451158
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 …
Persistent link: https://www.econbiz.de/10009444189
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 …
Persistent link: https://www.econbiz.de/10009477136
This thesis examines the relationship of monetary policy and investment in a theoretical framework in which monetary … models is examined. It is found that the money, investment relationship, with close money, real interaction, is appropriately …
Persistent link: https://www.econbiz.de/10009457758
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 …
Persistent link: https://www.econbiz.de/10012532213
mechanism behind this finding, we first explore the intensive margin and show that high-MRPK firms increase their investment and …
Persistent link: https://www.econbiz.de/10013494474
Rationale Cyclical fluctuations in investment are usually sharper than fluctuations in other components of aggregate …’ confidence (the drivers traditionally studied in the literature) in the behaviour of investment under such atypical cyclical … circumstances as those derived from the pandemic and the energy crisis. Takeaways •The results show that investment responds …
Persistent link: https://www.econbiz.de/10014313347