Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for … modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real … real option effects may lead to erroneous conclusions in the context of empirical investment equations …

, by unobserved shocks to participation by informationless traders, and by real investment. The equilibrium relations …

Combining recent empirical findings on the usefulness of financial literacy for investment decisions and literature …

circumstances of the post-socialist transformation made it more or less difficult to run long-time investment projects. Therefore …

need for money may affect capital formation, resulting in either too much or too little investment. Existing models of … money and capital however tend to overlook that both types of investment inefficiencies can be equilibrium outcomes … implies that both over- and under-investment can arise. We use our framework to study whether monetary policy can effectively …

This article aims to contribute to the Post Keynesian theory of the firm by refining the long run financial frontier … account for investment volatilities, leading to Minsky’s insight into financial instability …

is long run over-investment (when the true productivity is low) even though there is bilateral contracting for inducing …