The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …

corporate investment tended to pick up from 2014 and to do so with greater intensity at SMEs than at large corporations, after … productive assets (tangibles and intangibles alike), the investment level attained in 2016 is expected to still be below pre …-crisis figures. Analysis of investment determinants highlights the fact that the strength of the financial position and of …