We estimate a FAVAR with Bayesian techniques in order to investigate the impact of loan supply conditions on euro area corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact restrictions. Although tightened financial conditions...

We estimate a FAVAR with Bayesian techniques in order to investigate the impact of loan supply conditions on euro area corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact restrictions. Although tightened financial conditions...

Die Eigenkapitalausstattung von österreichischen Unternehmen wird in der wirtschaftspolitischen Diskussion als zu gering eingestuft. Die daraus resultierende übermäßige Verwendung von Fremdkapital wird in Krisenzeiten als schädlich für die finanzielle Stabilität von Unternehmen angesehen....

Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...