Showing 1 - 10 of 3,465
We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …
Persistent link: https://www.econbiz.de/10011857136
This paper argues that the investment–savings imbalances of households and companies play an important role in … determining the probability that an economy experiences a credit-less recovery, following a recession. The investment–savings gap …-less recoveries are indeed associated with both low and declining financing needs of the private sector, as proxied by the investment …
Persistent link: https://www.econbiz.de/10014078951
We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …
Persistent link: https://www.econbiz.de/10014028049
We measure the time-varying strength of macrofinancial linkages within and across the US and euro area economies by relying on factor models with drifting parameters, where real and financial cycles are extracted and shocks are identified via sign and exclusion restrictions. The main results...
Persistent link: https://www.econbiz.de/10012175516
The role that the price of oil plays in economic analysis in central banks as well as in financial markets has evolved over time. Oil is not seen anymore just as a input to production but also as a barometer of global economic activity as well as a financial asset. A high frequency structural...
Persistent link: https://www.econbiz.de/10012299083
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run...
Persistent link: https://www.econbiz.de/10012865836
We illustrate the theoretical relation among output, consumption, investment, and oil price volatility in a real … investment and real GDP to rise. Irreversible capital and durable investment decisions do not overturn this result …
Persistent link: https://www.econbiz.de/10013037191
The current study investigates the impact of foreign direct investment on the growth of Namibia's economy from 1990 to …, and other macroeconomic variables such as domestic investment, government consumption expenditure, human capital, a proxy … for economic stability, and return on investment are responsible for Namibia's economic growth. The article confirms the …
Persistent link: https://www.econbiz.de/10014500822
Following the 2007-2009 global recession, economic policy uncertainty and its effect on economic recovery has become an issue of interest in academic, media as well as policy-making circles (Baker et al., 2013). Given this backdrop, we investigate causality between economic policy uncertainty in...
Persistent link: https://www.econbiz.de/10013029078
investment loans. We find that a negative credit shock to one country induces a sharp contraction in that country's economy …
Persistent link: https://www.econbiz.de/10011280030