In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …

This paper explores the impact of exposure to uninsured risks on the investment decisions of farmers. We distinguish … weather shocks to ascertain the extent to which the investment strategies of risk-exposed households "pay off" by buffering … the downside risk associated with exposure to flooding. This translates into lower income levels. The investment in these …

firm level investment and high-frequency identified monetary policy shocks. We show that the reaction of firms' investment … to a monetary policy shock is heterogeneous along dimensions that correspond to the two main channels of monetary policy …

This paper analyses the implications of corporate indebtedness for investment following large economic shocks. The … suggest that investment of high-debt firms is significantly depressed for an extended period in the aftermath of economic … crises. In the four years after a negative economic shock, the cumulative loss of capital of high-debt firms is around 15 …