Source: www.ecb.eu
Topic: Investment Firm
Sort Desciption: channel of monetary policy, that on firms’ investment spending. ...... channels on firm investment for the four largest countries of the euro area. ...
Content Inside: E U R O P E A N C E N T R A L B A N K WORKING PAPER SERIES E C B E Z B E K T B C E E K P EUR OSY STEM MONET AR Y TRANSMISSION NETW ORK WORKING PAPER NO. 112 FIRM INVESTMENT AND MONETARY TRANSMISSION IN THE EURO AREA BY J. B. CHATELAIN, A. GENERALE, I. HERNANDO, U. VON KALCKREUTH AND P. VERMEULEN December 2001 E U R O P E A N C E N T R A L B A N K WORKING PAPER SERIES EUR OSY STEM MONET AR Y TRANSMISSION NETW ORK 1 Banque de France; E-mail: jean-bernard.chatelain@banque-France.fr. 2 Banca d’Italia; E-mail: generale.andrea@insedia.interbusiness.it. 3 Banco de España; E-mail: hernando@bde.es. 4 Deutsche Bundesbank; E-mail: ulf.von-kalckreuth@bundesbank.de. 5 European Central Bank; E-mail: philip.vermeulen@ecb.int.This paper represents the authors’ personal opinions and does not necessarily reflect the views of the institutions they are affiliated to.We would like to thank the members of the Eurosystem’s MonetaryTransmission Network and the participants ofthe monetary economics workshop at the NBER Summer Institute 2001 for helpful discussions and feedback, and especially Daniele Terlizzese for his very helpful comments. WORKING PAPER NO. 112 FIRM INVESTMENT AND MONETARY TRANSMISSION IN THE EURO AREA BY J. B. CHATELAIN 1 , A. GENERALE 2 , I. HERNANDO 3 , U. VON KALCKREUTH 4 AND P. VERMEULEN 5 December 2001 © European Central Bank, 2001 Address Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 D-60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. The views expressed in this paper are those of the authors and do not necessarily reflect those of the European Central Bank. ISSN 1561-0810 The Eurosystem Monetary Transmission Network This issue of the ECB Working Paper Series contains research ...
