heterogenous firms facing borrowing constraints and investment irreversibility, it is shown that financial liberalization increases … the lumpiness of firm-level investment but decreases the variance of aggregate output. Hence, the model predicts that …

We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …

The paper builds up a macro function of investment to capture various key determinants and explore the intricate … determination mechanism of aggregate investment. It explicates the basic trend determinant of investment, locates the cause of … investment volatility and identifies the magnifier of volatility, recognizes the sluggish force and its sluggish and …

This study is undertaken to determine the relative impacts of the uncertainty of macroeconomic variables on investment … revealed the following: (1) existence of long run relationship between some of the macroeconomic variables and investment, (2 … uncertainty of most of the macroeconomic variables impact negatively on investment in Nigeria. The study recommends the use of …

larger drop in demand for external finance and their cost of external finance, implying higher investment-cash flow …

Is monetary policy less effective at stimulating investment during periods of elevated volatility (when all firms … elevated volatility leads to a decrease in extensive margin investment incentive so that nominal stimulus generates less … aggregate investment. To do this, I first document empirically that high volatility weakens firms' investment responses to …

While investment in most sectors declines in response to a contractionary monetary policy shock, investment in the …

prices are high, risky asset prices are low, the cost of capital for risky firms is high, and real investment is forecast to …

volatility generates investment and growth opportunities in poor countries. But high uncertainty and low overprecision slow …