While investment in most sectors declines in response to a contractionary monetary policy shock, investment in the …

output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts … investment, as the proximate cause for this fact, the source of the consumption difference remains a puzzle. …

term deposits. The increase in risky investment is about 10 times as much as the increase in consumption, suggesting that … elasticity of risky investments to be -19.5. Furthermore, we find that the effects on consumption and risky investment are larger … less liquid wealth and the portfolio rebalancing effect on risky investment is larger for those with more liquid wealth …

the impulse responses of investment, savings, consumption, and the output gap to an expansionary monetary policy shock …

a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment …

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …