Hein, Eckhard; Schoder, Christian - 2009
with the expected sign in each of the equations. Our estimation results imply, both for the US and for Germany, that the … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core … behavioural equations for the US and Germany in the period 1960-2007, we find significant and robust effects of interest payments …