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This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10012060200
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data … investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011489517
downstream propagation effects on investment and output throughout the period but no significant impact on employment during the …
Persistent link: https://www.econbiz.de/10011928970
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10011761064
Evidence that cash flow has a significant effect on investment after controlling for Tobin's average Q has been …
Persistent link: https://www.econbiz.de/10005022119
This paper investigates the role of financial market frictions on investment and the price of financial asset. We show … investigate the effects of financing constraints on firm level investment behavior. Specifically we derive explicit relations … between investment and Tobin’s q in the presence of financial market imperfections. We show that this relation depends not …
Persistent link: https://www.econbiz.de/10005027254
This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect macroeconomic outcomes. The first channel, which operates through the demand side of finance...
Persistent link: https://www.econbiz.de/10012060201
than household debt buildups. Further, corporate debt-induced financial recessions inflict a bigger damage on output than …
Persistent link: https://www.econbiz.de/10012064731
Purpose - The purpose of this study is to investigate the relationship between oil price changes and the output growth … specified and estimated. Among them we selected univariate MSIH(3)-AR(2) model for output and extended it to verify if the … increases have negative effects on output growth and mitigate the magnitude of thesome recessionary periods in Turkey. However …
Persistent link: https://www.econbiz.de/10011516726
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data … investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011518790