We empirically assess whether a usually expected negative response of private consumption and private investment to a … there is a fiscal consolidation; iii) there is a crowding-in effect for private investment, from fiscal contractions … taxes. Finally, the negative effect of taxation on private consumption is larger when an economy is experiencing a financial …

We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …