Butzen, Paul; Fuss, Catherine; Vermeulen, Philip - Nationale Bank van België/Banque national de Belqique (BNB) - 2001
This paper investigates the effects of monetary policy on firms\u2019 investment behaviour. The analysis relies on a comprehensive database of Belgian firms covering all sectors of economic activity and firms of all sizes. We proceed in two steps. First, we estimate a reduced-form investment...