Language:
English
Pages:
Online-Ressource (43 S.)
,
graph. Darst.
Series Statement:
OECD Economics Department working papers 1168
Keywords:
Finanzkrise
;
Investitionsentscheidung
;
Kapitalkosten
;
Entscheidung unter Unsicherheit
;
Wirtschaftsprognose
;
Bilanz
;
Eurozone
;
Economics
;
Amtsdruckschrift
;
Arbeitspapier
;
Graue Literatur
Abstract:
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft demand conditions (the accelerator effect) but financial factors and heightened uncertainty have also played a role. In addition to continued support to demand from macroeconomic policies, the recovery in investment could be boosted by tackling longer-term policy issues that bear on investment decisions indirectly, by reducing financial fragmentation in the euro area and by undertaking growth-friendly structural reforms.
Note:
Zsfassung in franz. Sprache
,
Systemvoraussetzungen: Acrobat Reader.
DOI:
10.1787/5jxvgg76vqg1-en
