Haku
Viitteet 1-2 / 2
Investment, Tobin’s Q, and cash flow across time and frequencies
(09.03.2020)
Oxford Bulletin of Economics and Statistics 2
Oxford Bulletin of Economics and Statistics 2
The investment literature has long acknowledged the time- and frequency-varying dynamics of the relationship between investment, Tobin’s Q and cash flow. In this paper, we use continuous wavelet tools to estimate and assess ...
Leverage dynamics and the burden of debt
(01.04.2020)
Oxford Bulletin of Economics and Statistics 2
Oxford Bulletin of Economics and Statistics 2
In addition to leverage, the debt service burden of households and firms is an important link between financial and real developments at the aggregate level. Using US data from 1985 to 2017, we find that the debt service ...