Similar Search Results

Firm investment, liquidity, and bank health : a panel study of Asian firms in the 2000s

Ogawa, Kazuo - 2013

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …

Persistent link: https://www.econbiz.de/10009734202

Quantifying macroeconomic uncertainty in Norway

Bowe, Frida; Kirkeby, Sara Jahr; Lindalen, Ingvild Hagen; … - 2023

This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices in Norway. The framework combines quantile regressions using a broad set of uncertainty indicators with a skewed t-distribution, allowing for time-variation and asymmetry in the...

Persistent link: https://www.econbiz.de/10014313751

Optimism, pessimism and the unforeseen: Modelling an endogenous business cycle driven by strong beliefs

Sell, Friedrich L. - 2002

Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...

Persistent link: https://www.econbiz.de/10010300404

When is the trend the cycle?

Cao, Dan Vu; L'Huillier, Jean-Paul; Yoo, Donghoon - 2022

-walk, permanent income model. The result is general and applies to economies with endogenous investment and production. The …

Persistent link: https://www.econbiz.de/10013472332

The propagation of U.S. shocks to Canada: Understanding the role of real-financial linkages

Beaton, Kimberly; Lalonde, René; Snudden, Stephen - 2010

This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of these shocks. These questions are addressed within the Bank of Canada's Global Economy Model (de Resende et al. forthcoming), a...

Persistent link: https://www.econbiz.de/10010279894

Do credit constraints amplify macroeconomic fluctuations?

Liu, Zheng; Wang, Pengfei; Zha, Tao - 2010

mechanism to explain the observed persistent comovements between housing prices and business investment. We develop such a … fluctuations through credit constraints. -- credit constraints ; collateral asset ; housing prices ; investment ; financial …