equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high …

How does the dispersion of firm-level shocks affect the investment channel of monetary policy? Using firm-level panel … policy has dampened real effects via the investment channel when firm-level TFP shock volatility is high. Our estimates for …

equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high …

We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main … that firm heterogeneity plays a minor role in monetary transmission. Second, we disentangle the investment channel of … investment channel of monetary policy is due almost exclusively to direct effects. The two results imply that a representative …

heterogeneous firms and financial frictions. In the model, firms with a high return to capital increase their investment more …

corresponding rate with the investments. For this reason, the investment rate of companies is currently almost at the same level as … in the years 2000–2008. However, after the financial crisis the development of investment volume has been weaker in … capital in clearly better in Finland than in most other European countries. The investment rate in Finland is reduced …

accumulation. This process is characterized by a gradually rising investment rate along with a moderate rate of return to capital … declining investment rate with an extremely high return to capital. We show that minor modifications of the neoclassical model …