’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …

savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …

Euro Area. We find that an increase in capital investment risk shock, results in a considerably deeper recession when …

relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income … and welfare. Next, we show that this theory of terror and the economy helps to understand changes in trend and business …

and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A … subsidize entrepreneurial investment (there is a wage bargaining distortion and a search externality), simulations show that the …

fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …