their investment decisions. Moreover, financial con-straints become more severe in times of restrictive monetary policy. …

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …

This paper examines the effects of monetary policy on investment spending in Malaysia for 1990-2008 using firm … rate and broad credit channels. Using a dynamic neoclassical investment function, empirical results based on system … credit channels in influencing investment spending. The results also reveal that the effect of monetary policy channels on …

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …

This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a …. First, we estimate a reduced-form investment equation derived from the neo-classical model, augmented by cash flow. This …