rate and credit channels on business fixed investment in the German manufacturing sector. Our panel of financial statements … interest rates by 100 basis points would depress investment demand by almost 4% within the first year. Using our direct measure … demand. Furthermore, changes in the rating of firms seem to affect investment demand in a way that is consistent with the …

rate and credit channels on business fixed investment in the German manufacturing sector. Our panel of financial statements … interest rates by 100 basis points would depress investment demand by almost 4% within the first year. Using our direct measure … demand. Furthermore, changes in the rating of firms seem to affect investment demand in a way that is consistent with the …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …