policy on economic growth is mainly generated through channels such as investment, loan interest rates, and leverage. In high …, it promotes economic growth by influencing investment and leverage; in low- and lower-middle-income economies, it hinders … economic growth through investment and loan interest rates. …

outside the U.S. due to a greater decline of intangible investment and a much slower recovery. Tangible capital can be … investment relies on firms’ liquidity holdings that were drawn down in the crisis and can only be rebuilt gradually through … retained profits. We provide a unified account of the findings through a dynamic model of corporate investment and liquidity …

We empirically assess whether a usually expected negative response of private consumption and private investment to a … HP-based; and iii) the Hamilton (2018)-based. We find that: i) increases in government consumption have a Keynesian … effect on real per capita private consumption; ii) there is a positive effect of tax increases on private consumption when …

the presence of fire sales, and how fire sales can reduce productive investment. We conclude by showing how asset fire …

This study investigates the influence of macroprudential policies (MaPs) on corporate investment, employing firm …-bank level microdata from the European Investment Bank Investment Survey (EIBIS) for the period 2015-2022. We initially document … that MaP tightening, particularly through supply-based MaPs, leads to a reduction in corporate investment. We then delve …