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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 …
Persistent link: https://www.econbiz.de/10012099522
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 …
Persistent link: https://www.econbiz.de/10012031139
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 …
Persistent link: https://www.econbiz.de/10012151228
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 …
Persistent link: https://www.econbiz.de/10011994756
lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it … accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will … argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is …
Persistent link: https://www.econbiz.de/10009672542
This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … the larger shocks. Initially deleveraging leads to a drop in investment. Investment recovers as entrepreneurs build up net … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks …
Persistent link: https://www.econbiz.de/10013109171
the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to … low carbon emissions, and (ii) substantial investment reallocation takes place, in particular from the manufacturing …
Persistent link: https://www.econbiz.de/10014330990
'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank …
Persistent link: https://www.econbiz.de/10012863789
The investment takes the form of sums of money spent for the acquisition of capital goods, changes in business … method of investment's calculation and to determine the factors of influence. In the first part, the investment is analyzed …
Persistent link: https://www.econbiz.de/10012056893
In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …
Persistent link: https://www.econbiz.de/10010189451