This paper presents a threshold uncertainty investment model for Dutch firms. The proposed uncertainty measure is constructed as an empirical proxy for the standard real options multiple. The uncertainty measure serves as the threshold variable in estimating a piecewise linear accelerator...

The paper estimates a household money demand function for Poland from 1969 to 1995. Contrary to theoretical belief and earlier empirical evidence portfolio arguments are found to be significant. Despite regime shifts during the 1980s and full liberalization of the Polish economy in the beginning...

Is het mogelijk om de overheidsschuld te verminderen, zoals benodigd voor deelname aan de EMU, en tegelijkertijd de verhouding tussen het aantal inactieven en actieven (de i/a-ratio) te verlagen? Het kabinet tracht dit te doen door tekortreductie en het stimuleren van marktwerking en dynamiek....

The paper discusses a parameterization of model-consistent expectations in nonlinear dynamic monetary policy growth models. Two models that cannot be solved analytically due to the inclusion of a stochastic process are discussed. In the first one, money provides services as a means of payment...

Macroeconomics is the foremost important theoretical basis for medium- and long-run real and financial investment analysis. In the long run economic growth rules, while in the medium run business cycles determine investment opportunities. In this leaflet we show how a data provider like...

In this paper we analyse the impact of profits on investment using data of the Dutch manufacturing sector in a simple Kaleckian investment model. Profits and capacity determine the level of investment. The empirical analysis with this "non-mainstream" model confirms conclusions drawn in the...