A vectorautoregressive investment model (VIM) and monetary policy transmission: panel evidence from German firms
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
Deutsche Bundesbank
2003
|
| Series: | Discussion paper / Economic Research Centre of the Deutsche Bundesbank
2003,6 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 45 S. |
| ISBN: | 3935821484 |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV017183028 | ||
| 003 | DE-604 | ||
| 005 | 20150210 | ||
| 007 | t | ||
| 008 | 030530s2003 |||| 00||| eng d | ||
| 016 | 7 | |a 967581273 |2 DE-101 | |
| 020 | |a 3935821484 |9 3-935821-48-4 | ||
| 035 | |a (OCoLC)53409528 | ||
| 035 | |a (DE-599)BVBBV017183028 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-945 |a DE-473 |a DE-12 |a DE-20 |a DE-355 |a DE-N2 |a DE-703 |a DE-634 |a DE-521 |a DE-83 |a DE-11 |a DE-188 | ||
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 084 | |a QC 320 |0 (DE-625)141267: |2 rvk | ||
| 100 | 1 | |a Breitung, Jörg |e Verfasser |0 (DE-588)170635775 |4 aut | |
| 245 | 1 | 0 | |a A vectorautoregressive investment model (VIM) and monetary policy transmission |b panel evidence from German firms |c Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth |
| 264 | 1 | |a Frankfurt am Main |b Deutsche Bundesbank |c 2003 | |
| 300 | |a 45 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper / Economic Research Centre of the Deutsche Bundesbank |v 2003,6 | |
| 650 | 0 | 7 | |a Unternehmen |0 (DE-588)4061963-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Investitionsverhalten |0 (DE-588)4114046-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Deutschland |0 (DE-588)4011882-4 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Deutschland |0 (DE-588)4011882-4 |D g |
| 689 | 0 | 1 | |a Unternehmen |0 (DE-588)4061963-1 |D s |
| 689 | 0 | 2 | |a Investitionsverhalten |0 (DE-588)4114046-1 |D s |
| 689 | 0 | 3 | |a Geldpolitik |0 (DE-588)4019902-2 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Chirinko, Robert S. |e Verfasser |0 (DE-588)113328761 |4 aut | |
| 700 | 1 | |a Kalckreuth, Ulf von |d 1963- |e Verfasser |0 (DE-588)120766523 |4 aut | |
| 810 | 2 | |a Economic Research Centre of the Deutsche Bundesbank |t Discussion paper |v 2003,6 |w (DE-604)BV013545109 |9 2003,6 | |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010354504&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
Record in the Search Index
| _version_ | 1805068797448552448 |
|---|---|
| adam_text |
CONTENTS
1.
INTRODUCTION
1
1.
SPECIFYING
VIM
4
1.1
SOME
PERSPECTIVE
ON
MODELLING
INVESTMENT
SPENDING
4
1.2.
THE
INVESTMENT
EQUATION
5
1.3.
THE
VIM
EQUATION
SYSTEM
7
2.
ESTIMATING
VIM
8
2.1.
OBTAINING
COEFFICIENT
ESTIMATES
8
2.2.
SELECTING
THE
LAG
LENGTH
9
2.3.
COMPUTING
DYNAMIC
MULTIPLIERS,
IMPULSE
RESPONSES,
AND
ERROR
BANDS
10
3.
DATASETS
11
3.1.
FINANCIAL
STATEMENTS
(UBS)
11
3.2.
USER
COST
(UC)
12
3.3.
CREDITWORTHINESS
RATIO
(CWR)
12
4.
SIMULATING
VIM
-
FULL
SAMPLE
13
4.1.
USER
COST
CHANGE
13
4.2.
SALES
CHANGE
15
4.3.
CASH
FLOW
SHOCK
15
4.4.
INVESTMENT
SHOCK
16
5.
SIMULATING
VIM
-
SAMPLE
SORTED
BY
CREDITWORTHINESS
16
6.
SUMMARY
AND
CONCLUSIONS
17
REFERENCES
18
APPENDIX
A:
THE
CONSTRUCTION
OF
USER
COSTS
OF
CAPITAL
FOR
GERMANY
22
APPENDIX
B:
VARIABLE
DEFINITIONS
AND
OUTLIER
CONTROL
24
APPENDIX
C:
APPENDIX
D:
APPENDIX
E:
GMM
COEFFICIENT
ESTIMATES
OF
EQUATION
SYSTEM
(6)
FULL
SAMPLE
GMM
COEFFICIENT
ESTIMATES
OF
EQUATION
SYSTEM
(6)
SAMPLE
SPLIT
BY
FIRM
CREDITWORTHINESS
ERROR
BANDS
FOR
THE
DYNAMIC
MULTIPLIERS
AND
IMPULSE
RESPONSES
FOR
VIM
.
27
28
29
LIST
OF
TABLES
AND
FIGURES
TABLES
TABLE
1:
SUMMARY
STATISTICS
FOR
THE
FULL
SAMPLE
31
TABLE
2A:
DYNAMIC
MULTIPLIERS
-
USER
COST
CHANGE
32
TABLE
2B
DYNAMIC
MULTIPLIERS
-
SALES
CHANGE
34
TABLE
3A:
IMPULSE
RESPONSES
-
CASH
FLOW
SHOCK
36
TABLE
3B:
IMPULSE
RESPONSES
-
INVESTMENT
SHOCK
38 |
| any_adam_object | 1 |
| author | Breitung, Jörg Chirinko, Robert S. Kalckreuth, Ulf von 1963- |
| author_GND | (DE-588)170635775 (DE-588)113328761 (DE-588)120766523 |
| author_facet | Breitung, Jörg Chirinko, Robert S. Kalckreuth, Ulf von 1963- |
| author_role | aut aut aut |
| author_sort | Breitung, Jörg |
| author_variant | j b jb r s c rs rsc u v k uv uvk |
| building | Verbundindex |
| bvnumber | BV017183028 |
| classification_rvk | QB 910 QC 320 |
| ctrlnum | (OCoLC)53409528 (DE-599)BVBBV017183028 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 cb4500</leader><controlfield tag="001">BV017183028</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20150210</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">030530s2003 |||| 00||| eng d</controlfield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">967581273</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">3935821484</subfield><subfield code="9">3-935821-48-4</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)53409528</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV017183028</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-945</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-634</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-83</subfield><subfield code="a">DE-11</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QC 320</subfield><subfield code="0">(DE-625)141267:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Breitung, Jörg</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)170635775</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">A vectorautoregressive investment model (VIM) and monetary policy transmission</subfield><subfield code="b">panel evidence from German firms</subfield><subfield code="c">Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Frankfurt am Main</subfield><subfield code="b">Deutsche Bundesbank</subfield><subfield code="c">2003</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">45 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Discussion paper / Economic Research Centre of the Deutsche Bundesbank</subfield><subfield code="v">2003,6</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Unternehmen</subfield><subfield code="0">(DE-588)4061963-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Investitionsverhalten</subfield><subfield code="0">(DE-588)4114046-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Deutschland</subfield><subfield code="0">(DE-588)4011882-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Deutschland</subfield><subfield code="0">(DE-588)4011882-4</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Unternehmen</subfield><subfield code="0">(DE-588)4061963-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Investitionsverhalten</subfield><subfield code="0">(DE-588)4114046-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Chirinko, Robert S.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)113328761</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kalckreuth, Ulf von</subfield><subfield code="d">1963-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)120766523</subfield><subfield code="4">aut</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">Economic Research Centre of the Deutsche Bundesbank</subfield><subfield code="t">Discussion paper</subfield><subfield code="v">2003,6</subfield><subfield code="w">(DE-604)BV013545109</subfield><subfield code="9">2003,6</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010354504&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield></record></collection> |
| geographic | Deutschland (DE-588)4011882-4 gnd |
| geographic_facet | Deutschland |
| id | DE-604.BV017183028 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-20T03:55:50Z |
| institution | BVB |
| isbn | 3935821484 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010354504 |
| oclc_num | 53409528 |
| open_access_boolean | |
| owner | DE-945 DE-473 DE-BY-UBG DE-12 DE-20 DE-355 DE-BY-UBR DE-N2 DE-703 DE-634 DE-521 DE-83 DE-11 DE-188 |
| owner_facet | DE-945 DE-473 DE-BY-UBG DE-12 DE-20 DE-355 DE-BY-UBR DE-N2 DE-703 DE-634 DE-521 DE-83 DE-11 DE-188 |
| physical | 45 S. |
| publishDate | 2003 |
| publishDateSearch | 2003 |
| publishDateSort | 2003 |
| publisher | Deutsche Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Economic Research Centre of the Deutsche Bundesbank |
| spelling | Breitung, Jörg Verfasser (DE-588)170635775 aut A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth Frankfurt am Main Deutsche Bundesbank 2003 45 S. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Economic Research Centre of the Deutsche Bundesbank 2003,6 Unternehmen (DE-588)4061963-1 gnd rswk-swf Investitionsverhalten (DE-588)4114046-1 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Unternehmen (DE-588)4061963-1 s Investitionsverhalten (DE-588)4114046-1 s Geldpolitik (DE-588)4019902-2 s DE-604 Chirinko, Robert S. Verfasser (DE-588)113328761 aut Kalckreuth, Ulf von 1963- Verfasser (DE-588)120766523 aut Economic Research Centre of the Deutsche Bundesbank Discussion paper 2003,6 (DE-604)BV013545109 2003,6 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010354504&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Breitung, Jörg Chirinko, Robert S. Kalckreuth, Ulf von 1963- A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms Unternehmen (DE-588)4061963-1 gnd Investitionsverhalten (DE-588)4114046-1 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)4061963-1 (DE-588)4114046-1 (DE-588)4019902-2 (DE-588)4011882-4 |
| title | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms |
| title_auth | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms |
| title_exact_search | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms |
| title_full | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth |
| title_fullStr | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth |
| title_full_unstemmed | A vectorautoregressive investment model (VIM) and monetary policy transmission panel evidence from German firms Jörg Breitung ; Robert S. Chirinko ; Ulf von Kalckreuth |
| title_short | A vectorautoregressive investment model (VIM) and monetary policy transmission |
| title_sort | a vectorautoregressive investment model vim and monetary policy transmission panel evidence from german firms |
| title_sub | panel evidence from German firms |
| topic | Unternehmen (DE-588)4061963-1 gnd Investitionsverhalten (DE-588)4114046-1 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Unternehmen Investitionsverhalten Geldpolitik Deutschland |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010354504&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013545109 |
| work_keys_str_mv | AT breitungjorg avectorautoregressiveinvestmentmodelvimandmonetarypolicytransmissionpanelevidencefromgermanfirms AT chirinkoroberts avectorautoregressiveinvestmentmodelvimandmonetarypolicytransmissionpanelevidencefromgermanfirms AT kalckreuthulfvon avectorautoregressiveinvestmentmodelvimandmonetarypolicytransmissionpanelevidencefromgermanfirms |