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capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …
Persistent link: https://www.econbiz.de/10012099522
capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …
Persistent link: https://www.econbiz.de/10012031139
capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …
Persistent link: https://www.econbiz.de/10012151228
direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm … important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of …
Persistent link: https://www.econbiz.de/10011994756
The interest rate is generally considered as an important driver of macroeconomic investment characterised by a … particular form of path dependency, "hysteresis". At the same time, the interest rate channel is a central ingredient of monetary … innovation we derive the exact shape of the "hysteretic" impact of rate changes on macroeconomic investment under different sorts …
Persistent link: https://www.econbiz.de/10014523877
lending, financial saving and physical investment it will be shown that this is a nonsense statement. The theory behind it … accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will … argue that there is much confusion about key macroeconomic concepts like saving, investment and finance. This confusion is …
Persistent link: https://www.econbiz.de/10009672542
This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … the larger shocks. Initially deleveraging leads to a drop in investment. Investment recovers as entrepreneurs build up net … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks …
Persistent link: https://www.econbiz.de/10013109171
the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to … low carbon emissions, and (ii) substantial investment reallocation takes place, in particular from the manufacturing …
Persistent link: https://www.econbiz.de/10014330990
direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm … important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of …
Persistent link: https://www.econbiz.de/10011994803
capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the “hysteretic” impact of changes in the interest rate on macroeconomic investment under …
Persistent link: https://www.econbiz.de/10012041440