Showing 51 - 60 of 101,844
immediate boom in output, consumption, investment and hours worked. Our empirical evidence using firm-level data supports …
Persistent link: https://www.econbiz.de/10012729734
We study the real effects of credit market sentiment on corporate investment and financing for a comprehensive panel of … correlates with high corporate investment and debt issuance in year t+1, particularly for financially constrained firms. In the … a decline in corporate investment in years t + 4 and t + 5. This pattern of increased investment in the short term and …
Persistent link: https://www.econbiz.de/10012888921
We report laboratory experiments investigating the cyclicality of profit-enhancing investment in a competitive … environment. In our setting, optimal investment is counter-cyclical when investment costs fall following market downturns. However …, we do not observe counter-cyclical investment. Instead we see much less strategic behavior than our rational investment …
Persistent link: https://www.econbiz.de/10012852845
This paper explores the importance of investment-specific technology changes in anticipated TFP fluctuations. To this … shocks to the relative price of investment. We show in a model with IST diffusion and spillover that the correlation of these …
Persistent link: https://www.econbiz.de/10013058270
We study the performance of investments made at different points of an investment cycle. We use a large data set …
Persistent link: https://www.econbiz.de/10013020900
through the extensive margin of investment. This paper tests some of these predictions using a vector autoregression with …
Persistent link: https://www.econbiz.de/10012991244
, investment, price of oil and external influences on the duration of expansions and contractions. This study employs for the first … positively dependent on the behaviour of the variables in the OECD composite leading indicator and on private investment, and …
Persistent link: https://www.econbiz.de/10012707017
result of the passive role it assigns to investment, the Sraffian supermultiplier (SSM) predicts that the rate of utilization … leads the investment share in a dampened cycle or, equivalently, that a convergent cyclical motion in the utilization-investment … (VAR) for postwar US samples strongly indicate that the investment share leads the rate of utilization, or that these …
Persistent link: https://www.econbiz.de/10012625093
We study the impact of the concentration and complexity of the banking sector on firms' financing and investment … increases investment sensitivity to aggregate productivity shocks …
Persistent link: https://www.econbiz.de/10013224742
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks’ capital induces a relevant non-linearity. The model -...
Persistent link: https://www.econbiz.de/10013248861