This paper explores the existence of a bounce-back effect in inventory investment using the European Commission opinion survey on stocks of finished products in manufacturing and retail trade sectors for France, Germany and a European aggregate, from 1985q1 to 2011q4. Our empirical findings...

This paper explores the existence of a bounce-back effect in inventory investment using the European Community opinion survey on stocks of finished products in manufacturing. A threshold autoregression allowing for a transitory strong recovery phasis is estimated for French, German and European...

Le rapport du Conseil économique pour le développement durable étudie la question du financement des projets d'investissements s'inscrivant dans la perspective de la « croissance verte ». Rappelant le contexte de dégradation des finances publiques, il analyse, à travers les différentes...

We characterize the competitive equilibrium on the credit market when borrowers can strategically default. We assume that the audit is subject of errors of the two types and that lenders cannot commit ex-ante. We determine the penalty, the loan rate, the audit and strategic default...