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 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 …