and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … that the price of capital may have been significantly distorted in the 1990s and 2000s. The distortion could have been …

quality of capital) and neutral technological change (related to the organization of productive activities). It concludes that …

regulations can help reduce output fluctuations and lessen the risk of financial instability. More specifically, countercyclical … rules such as countercyclical capital adequacy rules, can allow monetary authorities to achieve the same output and …

for capital requirements. We then propose an extension to the existing model and also solve for optimal retention size …. This also allows us to capture feedback effects from capital requirements into the maximization problem. Preliminary …

-level limited liability, but are more exposed to the risk of capital expropriation than are branches. Thus, branch-based structures …We identify different sources of risk as important determinants of banks' corporate structures when expanding into new … markets. Subsidiary-based corporate structures benefit from greater protection against economic risk because of affiliate …

measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of … investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national … accounts is found to have a significant downward bias in the 90s. The model also shows that the growth in the overall capital …

benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches … that ICT-related capital deepening contributed 0.2 percentage points to growth in low-income countries, and 0.3 percentage …

banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best … allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large …

capital markets to foreign investment. Third, we find that the relative factor price of labor to capital, and capital … capital intensity are less affected by windfall shocks than their peers, possibly due to a larger share of the effect being … sectors in capital intensity helps cushion the volatility of oil shocks. …