propagates to investment and employment. We exploita unique policy that reduced uncertainty regarding the availability of future …

been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …

We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …

asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt …

investment loans. We find that a negative credit shock to one country induces a sharp contraction in that country's economy …

constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be … public investment and several frictions that capture pervasive features in RRDCs, including absorptive capacity constraints …, inefficiencies in investment, and borrowing constraints that can be relaxed when natural resources lower the country risk premium …