This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …

boosts investment and growth. However, a general equilibrium approach shows that this conclusion may hold to a lesser extent …

therefore a particularly clean experiment to assess the macroeconomic relevance of any investment theory. Our results show that …Standard (S,s) models of lumpy investment allow us to match many aspects of the micro data, but it is well known that … the implied interest rate sensitivity of investment is unrealistically large. The monetary transmission mechanism is …

’s Quantitative Easing (QE) policy on consumption and investment by economic agents in Italy (households, government, firms, and the … the direct and indirect impact of money flow on the behavior of consumption and investment. The findings of the study … confirmed the positive impact of the ECB’s monetary policy on the level of investment and consumption. …