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In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown … issue. We show that aggressive central bank action may revive gross investment, but it will not revive net investment or …
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We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …
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The paper explores the investment behaviour of German firms in the context of the Q-approach, which plays a dominant … role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment …
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firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …
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