Showing 1 - 10 of 23,230
Persistent link: https://www.econbiz.de/10011387016
This paper investigates how cross-sectional micro-uncertainty influences the investment of small and large firms and discusses the aggregate implications of the heterogeneity in their investment decisions. Empirically, we find that large firms show less investment decline in times of heightened...
Persistent link: https://www.econbiz.de/10013323777
The effect of constitutional structures (such as the effect of a presidential vs. a parliamentary system) over policy outcomes has been widely studied in the economic literature. In this paper, we investigate whether stable parliamentary systems and unstable parliamentary systems behave...
Persistent link: https://www.econbiz.de/10013015489
use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business … cycle fluctuations. We show that financial frictions strongly amplify the response to confidence shocks - more strongly than …
Persistent link: https://www.econbiz.de/10011961330
sentiment (considering both confidence and uncertainty) and economic activity. Second, we review existing empirical measures of … sentiment, in particular consumer confidence, stock market volatility (SMV) and Economic Policy Uncertainty (EPU), on monthly … across countries, suggesting the existence of a global factor. Consumer confidence has the closest co-movement with economic …
Persistent link: https://www.econbiz.de/10012947849
The transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs) has substantially shifted the policy debate from growth to inclusive growth. In this short note, we revisit the trust-growth nexus by exploiting a dataset on quality of growth (QG), recently made...
Persistent link: https://www.econbiz.de/10013004431
The paper extends Breggren et al. (2008, EE) on 'trust and growth: a shaky relationship' by incorporating recent developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of outliers. The empirical evidence is based on 63 countries....
Persistent link: https://www.econbiz.de/10012931322
The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of outliers. The empirical evidence is based on 63 countries....
Persistent link: https://www.econbiz.de/10011794974
. Between 1999 and 2008, U.S. non-bank MNCs cut their domestic employment by 1.9 million while increasing their foreign …
Persistent link: https://www.econbiz.de/10013125304
We make three comparisons relevant for the business cycle accounting approach. We show that in theory, representing the investment wedge as a tax on investment is equivalent to representing this wedge as a tax on capital income as long as the probability distributions over this wedge in the two...
Persistent link: https://www.econbiz.de/10014216448