Showing 1 - 10 of 7,948
We assess the impact of negative central bank interest rates on venture capital (VC) markets. Using data from 32 countries from 2004 to 2019, we find that interest rates have a significant effect on the functioning of VC markets. Higher interest rates are associated with higher demand for...
Persistent link: https://www.econbiz.de/10013229410
In this paper, I review some selected literature about or related to the monetary neutrality and show that specific aspects of the monetary (non-)neutrality are actually derived from the underlying welfare consideration and thus their validity or desirability depend on the current state and way...
Persistent link: https://www.econbiz.de/10012831037
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10003966642
We document that monetary policy has a substantial impact on innovation activities. After a tightening shock of 100 basis points, research and development (R&D) spending declines by about 1 to 3 percent and venture capital (VC) investment declines by about 25 percent in the following 1 to 3...
Persistent link: https://www.econbiz.de/10014372455
Persistent link: https://www.econbiz.de/10001429503
Persistent link: https://www.econbiz.de/10003759277
Persistent link: https://www.econbiz.de/10003729273
Persistent link: https://www.econbiz.de/10011903809
Persistent link: https://www.econbiz.de/10014490202
Persistent link: https://www.econbiz.de/10012307203