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 …

rate and credit channels on business fixed investment in the German manufacturing sector. Our panel of financial statements … interest rates by 100 basis points would depress investment demand by almost 4% within the first year. Using our direct measure … demand. Furthermore, changes in the rating of firms seem to affect investment demand in a way that is consistent with the …