Firms expect certain investment expenditures. Firms realize certain investment expenditures. The difference is an … investment surprise. With the help of the IFO Investment Survey for the German manufacturing sector we measure firms …’ (quantitative) investment expectations and firms’ (quantitative) investment realizations on a yearly basis and construct a panel of …

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

Changes in firms’ investment expenditures are considered one of the primary channels through which energy price shocks … are transmitted to the economy. It is widely believed that the response of business fixed investment to energy price … business fixed investment in equipment and structures cannot be reconciled with standard theoretical explanations of asymmetric …

productivity shocks. Our model is built on the financial accelerator approach of Bernanke, Gertler and Gilchrist (BGG), in which …

This paper explores the dynamic behavior of investment and hiring within a unified framework, stressing their mutual … results, the fit is achieved without implying high adjustment costs. The interaction of hiring and investment costs is … significant and is negatively signed, implying complementarity between investment and hiring. There is a substantial role for …

Which investment model best fits firm-level data? To answer this question we estimate alternative models using … implication, that Q is a sufficient statistic for determining a firm's investment decision, has been often rejected because cash …-flow and lagged-investment effects are present in investment regressions. However, we find that these regression results are …

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is … theory-based measure of policy uncertainty. Our novel approach using observable trade policies allows us to estimate the …