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) housing investment is about five times as volatile as output and (ii) housing investment tends to be more volatile in … investment volatility in the UK economy …
Persistent link: https://www.econbiz.de/10013038529
that foreign reserve accumulation is part and parcel of a growth strategy based on strong capital investment in a …
Persistent link: https://www.econbiz.de/10013076609
. We measure the risk of maturity mismatch by estimating, at the firm level, the effect on investment of the interaction of … a drop in investment or sales …
Persistent link: https://www.econbiz.de/10013159636
Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment … through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …
Persistent link: https://www.econbiz.de/10012841849
provides an exhaustive analysis of casuality between aggregate private investment and financial development. GMM estimation on …
Persistent link: https://www.econbiz.de/10012733054
Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....
Persistent link: https://www.econbiz.de/10012954174
This paper proposes a novel channel, i.e., within-firm intangible-tangible investment composition, through which … tangibles and the unit-cost differential, which triggers within-firm investment reallocation. It turns out that allocative … domestic investment, the larger the financial inflows, the more likely the productivity eventually exceeds its initial level …
Persistent link: https://www.econbiz.de/10012890959
investment. Import intensity may rise or fall along the transition path, depending on the relative import intensity of … consumption and investment. Calibrating the model to the U.S. economy, we find that investment is more import intensive than … of investment and factor accumulation, and again find a negative relationship between consumption and import intensity …
Persistent link: https://www.econbiz.de/10012968417
Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....
Persistent link: https://www.econbiz.de/10013012528
We argue that secular change in both the production and composition of investment goods has weakened private investment … the production of investment goods amplify the response of consumption to monetary policy shocks by varying labor income … investment goods production has declined, (ii) the import share of investment goods has risen, and (iii) the composition of …
Persistent link: https://www.econbiz.de/10013235658