Showing 171 - 180 of 97,390
savings and investment, credit and housing booms in some countries and the allocation of resources towards less productive … to be reduced, which, in turn, is weakening investment and therefore weighing on growth prospects and growth potential …
Persistent link: https://www.econbiz.de/10012999409
We show that the response of firm-level investment to real exchange rate movements varies depending on the production … structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency … well as some advanced economies with a low degree of structural economic complexity, corporate investment increases when …
Persistent link: https://www.econbiz.de/10012913927
The literature on the relationship between exchange rate and investment mainly focuses on the devaluation argument …, which provides evidence that a devaluation may positively affect investment spending. The goal of this paper is to extend … firms and using a model of signal extraction we find that exchange rate volatility reduces investment, with a decreasing …
Persistent link: https://www.econbiz.de/10014076102
been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …
Persistent link: https://www.econbiz.de/10013149670
This paper presents estimates of the impact of exchange rate movements on the industry-level price of investment goods … of the investment goods used by most industries, but the magnitude of this effect differs greatly across sectors. A … currency depreciation causes a stronger increase in the price of investment goods used by industries that produce high …
Persistent link: https://www.econbiz.de/10014066312
been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …
Persistent link: https://www.econbiz.de/10008468701
This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar in … across space and time, our findings suggest that tradable and nontradable goods in investment can be modeled using the Cobb …
Persistent link: https://www.econbiz.de/10004970365
The ‘ratchet effect’ refers to a situation where a principal uses private information that is revealed by an agent’s early actions to the agent’s later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we...
Persistent link: https://www.econbiz.de/10005056884
The literature on the relationship between exchange rate and investment mainly focuses on the devaluation argument …, which provides evidence that a devaluation may positively affect investment spending. The goal of this paper is to extend … firms and using a model of signal extraction we find that exchange rate volatility reduces investment, with a decreasing …
Persistent link: https://www.econbiz.de/10005450659
in investment and in the current account, in line with em- pirical evidence, only if the traded sector is more capital …
Persistent link: https://www.econbiz.de/10010571575