Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation … investment rate, opposite of evidence. The paper resolves this puzzle by requiring exchange for investment as well as consumption …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …

Previous studies argued that low investment-cash flow sensitivities of German firms may be caused by dominance of … panel data approach show that the dependence of investment spending on internal funds does not significantly differ between …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment … calibrated growth model for Switzerland indicate that the reform could add between 2 to 3 percent of GDP in the long run …

education in Switzerland. We find no significant average effects of voucher-induced adult education on earnings, employment, and …

education in Switzerland. We find no significant average effects of voucher-induced adult education on earnings, employment, and …