von Kalckreuth, Ulf; Hernando, Ignacio; Generale, Andrea; … - Deutsche Bundesbank - 2001
We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …