Leading production-based asset pricing models predict that the sources of fluctuations in real investment and (scaled …-implied marginal Q. We find that the bulk of fluctuations in Q (or alternatively, aggregate investment) is driven by expected … investment return (discount rate) shocks. Yet, expected marginal profit shocks play a non-negligible role. Our findings are …

This paper examines the causes of the exceptionally marked fall in non-construction investment in Italy since 2007. Non …-financial private services were the main driver of the decline in the aggregate investment rate, but all sectors weighed in negatively …; the reallocation of value added away from industry was a further drag on investment. In concordance with survey findings …

In spite of very easy financing conditions globally, investment has been rather weak in the aftermath of the Great … of the economy and expected profits play a key role in driving investment, and financing conditions less so. As a result …, investment after the Great Recession appears to have been broadly in line with what could have been expected based on past …

. Moreover, micro-founded variables are scarcely employed in macroeconomic forecasting of real investment. We fill this gap by … considering a battery of univariate and multivariate time-series models to forecast investment of non-financial corporations in …

efficiency of investment forecasts. …

response of investment to continued demand weakness, leading in turn to a deterioration in potential output via a hysteresis … government investment as a share of GDP has further exacerbated post-crisis weakness in capital stock growth, both directly and … probably indirectly via adverse spillover effects on business investment. Finally, at a time when the use of conventional macro …

This paper uses a neoclassical investment model extended with installation costs for capital, agency costs for … investment financing, and the possibility of the firm being output constrained as a framework for an empirical analysis of … investment behaviour in the Swedish manufacturing industry. The theory is implemented within a multivariate error …

capital stock since the financial crisis can be explained by an accelerator response of investment to continued demand …. In many OECD countries, declining government investment as a share of GDP has further exacerbated post-crisis weakness in … capital stock growth, both directly and probably indirectly via adverse spillover effects on business investment. Finally …

, investment, capital stock and current account. The saving rate is determined according to an estimated equation which suggests … deficits depending on the degree of capital account openness. Business sector investment is derived from the capital stock … baseline scenario, but a public investment shock can be simulated in alternative scenarios. The current account balance is …

The interest rate and investment are among the central variables influencing the growth rate. Due to the complexity … empirically demonstrated of the interest rate – investment – GDP growth relationship, last decades a growing concern over the … build a set of partial models in order to investigate the interest rate - investment - growth rate relationship in case of …