direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm … important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of …

capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

returns is more effective in reducing investments than the same increase in the rate of interest even abstracting from risk …) an increase in investment does not decrease the rate at which an increase in investment decreases the marginal returns to … investment. The necessary and sufficient conditions for the excess to increase/decrease with the rate of interest and with the …

theory view of investment rather than the standard New Keynesian model. Also, various specifications of the model demonstrate … between the federal funds rate and investment, or output more generally. Economic policy uncertainty, however, does have a … negative and statistically significant effect on investment in the estimated model. I argue that the results support an option …

'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using … uncertainty effects in investment decisions, e.g. by risk premia …The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …

​We study the impact of financing constraints on investment and output dynamics, in a continuous time setting with … output a linear function of capital. Decline of net worth reduces investment and, if firms can rent capital to unconstrained … outside investors, can create a 'net worth trap' with both investment and output falling below normal levels for long time …

, investment, and employment. We show that a Kiyotaki-Moore model accounts for both properties when business-cycle movements are … driven, in a significant way, by animal spirit shocks to credit-financed investment demand. The credit-based nature of such …, Bayesian estimation of our benchmark DSGE model on US data 1975-2010 shows that movements in investment driven by animal …