1,721,162 research outputs found
Baldi Guido Maria — Demografia, reddito nazionale e sistema de pensionamento
No full textC A. Baldi Guido Maria — Demografia, reddito nazionale e sistema de pensionamento. In: Population, 20ᵉ année, n°4, 1965. p. 708
The Interest Rate Sensitivity of Investment
No full textThe interest rate sensitivity of investment has often played an important role in macroeconomic models. However, many vector autoregressive (VAR) models do not include investment to the list of variables. In this paper, we empirically investigate the size and the evolution of the interest rate sensitivity of investment for the United States and the four largest European economies in the last few decades. We use a VAR model with four variables at quarterly frequency: real investment, real gross domestic product (GDP), inflation, and a measure of the short-term interest rate. In our VAR, the structural interest rate shock is identified under the assumption that macroeconomic quantities and inflation react to interest rate innovations with a lag. We test the appropriateness of this specification
by comparing our approach with the identification of shocks derived from the changes in volatility approach. For the countries under consideration, we determine a date during either the 1980s or the 1990s where the interest rate sensitivity of investment began to decrease and became less responsive to monetary policy. In addition, we findthat the interest rate sensitivity of investment has been higher in the United States than in Europe, particularly in the first subperiod
Carcer. Edición a cargo de Marialuisa Baldi, Guido Canzani y Eugenio Di Renzo
Full text linkGIROLAMO CARDANO, Carcer. Edición a cargo de Marialuisa Baldi, Guido Canzani y Eugenio Di Renzo. Texto latín y aparato fi lológico a cargo de Cecilia Mussini y Angelo de Patto. Leo S. Olschki, Florencia, 2014, 235 pp
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