effect and the investment effect in aggregate time series for Germany after the Reunification in 1990. Moreover, we discuss …

This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in … Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit …

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …