{"id":"https://openalex.org/W1563973687","doi":"https://doi.org/10.1017/cbo9780511492372.012","title":"Investment and monetary transmission in Germany: a microeconometric investigation","display_name":"Investment and monetary transmission in Germany: a microeconometric investigation","publication_year":2003,"publication_date":"2003-12-04","ids":{"openalex":"https://openalex.org/W1563973687","doi":"https://doi.org/10.1017/cbo9780511492372.012","mag":"1563973687"},"language":"en","primary_location":{"id":"doi:10.1017/cbo9780511492372.012","doi":"https://doi.org/10.1017/cbo9780511492372.012","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511492372.012","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Monetary Policy Transmission in the Euro Area","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W1503016752","display_name":"Monetary Policy Transmission in the Euro Area"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058672713","display_name":"Ulf von Kalckreuth","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I74623043","display_name":"Deutsche Bundesbank","ror":"https://ror.org/03jvfq589","country_code":"DE","type":"other","lineage":["https://openalex.org/I74623043"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"U. Von Kalckreuth","raw_affiliation_strings":["Deutsche Bundesbank"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Deutsche Bundesbank","institution_ids":["https://openalex.org/I74623043"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5058672713"],"corresponding_institution_ids":["https://openalex.org/I74623043"],"apc_list":null,"apc_paid":null,"fwci":4.1578,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.95101041,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"173","last_page":"186"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.002099999925121665,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.001500000013038516,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.8889999985694885},{"id":"https://openalex.org/keywords/investment-demand","display_name":"investment demand","score":0.9020000100135803},{"id":"https://openalex.org/keywords/balance-sheet-channel","display_name":"balance sheet channel","score":0.9800000190734863},{"id":"https://openalex.org/keywords/user-cost","display_name":"user cost","score":0.8500000238418579},{"id":"https://openalex.org/keywords/credit-channel","display_name":"credit channel","score":0.5690000057220459},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.9440000057220459},{"id":"https://openalex.org/keywords/trade-bills","display_name":"trade bills","score":0.7850000262260437},{"id":"https://openalex.org/keywords/cash-flow-sensitivity","display_name":"cash flow sensitivity","score":0.7549999952316284},{"id":"https://openalex.org/keywords/german-economy","display_name":"German economy","score":0.4880000054836273}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.715049147605896},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5170672535896301},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5124061703681946},{"id":"https://openalex.org/C2776229907","wikidata":"https://www.wikidata.org/wiki/Q17148239","display_name":"Interest rate channel","level":5,"score":0.48839420080184937},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.45459961891174316},{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.43866002559661865},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.35091495513916016},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3405991494655609},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.3072410821914673},{"id":"https://openalex.org/C88583849","wikidata":"https://www.wikidata.org/wiki/Q5183768","display_name":"Credit channel","level":4,"score":0.21846333146095276},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14910170435905457},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1017/cbo9780511492372.012","doi":"https://doi.org/10.1017/cbo9780511492372.012","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511492372.012","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Monetary Policy Transmission in the Euro Area","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.4699999988079071,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":326,"referenced_works":["https://openalex.org/W70985584","https://openalex.org/W86537917","https://openalex.org/W98790413","https://openalex.org/W140548586","https://openalex.org/W200361559","https://openalex.org/W208089624","https://openalex.org/W227951065","https://openalex.org/W357992563","https://openalex.org/W369396631","https://openalex.org/W574321807","https://openalex.org/W603967365","https://openalex.org/W632551566","https://openalex.org/W655089677","https://openalex.org/W1267255692","https://openalex.org/W1479976690","https://openalex.org/W1480476874","https://openalex.org/W1482241473","https://openalex.org/W1483250751","https://openalex.org/W1483707011","https://openalex.org/W1484029921","https://openalex.org/W1484053058","https://openalex.org/W1484328279","https://openalex.org/W1487030399","https://openalex.org/W1488449625","https://openalex.org/W1489222564","https://openalex.org/W1489258810","https://openalex.org/W1489457981","https://openalex.org/W1491528002","https://openalex.org/W1491876181","https://openalex.org/W1495009347","https://openalex.org/W1495656322","https://openalex.org/W1496674379","https://openalex.org/W1497448176","https://openalex.org/W1497460624","https://openalex.org/W1498524882","https://openalex.org/W1504470147","https://openalex.org/W1511798824","https://openalex.org/W1515902561","https://openalex.org/W1517301315","https://openalex.org/W1518529382","https://openalex.org/W1521083593","https://openalex.org/W1521879068","https://openalex.org/W1523102812","https://openalex.org/W1525335282","https://openalex.org/W1529832501","https://openalex.org/W1529977363","https://openalex.org/W1530940483","https://openalex.org/W1534763994","https://openalex.org/W1534950908","https://openalex.org/W1536037028","https://openalex.org/W1536746191","https://openalex.org/W1538452919","https://openalex.org/W1539422778","https://openalex.org/W1539761423","https://openalex.org/W1546523058","https://openalex.org/W1546877737","https://openalex.org/W1547548216","https://openalex.org/W1548443326","https://openalex.org/W1552142391","https://openalex.org/W1556626870","https://openalex.org/W1556753369","https://openalex.org/W1557832879","https://openalex.org/W1559892731","https://openalex.org/W1560717956","https://openalex.org/W1561324832","https://openalex.org/W1561398298","https://openalex.org/W1566331826","https://openalex.org/W1566936261","https://openalex.org/W1567036892","https://openalex.org/W1567886557","https://openalex.org/W1568703174","https://openalex.org/W1572930125","https://openalex.org/W1573343431","https://openalex.org/W1575819212","https://openalex.org/W1576392466","https://openalex.org/W1577902411","https://openalex.org/W1577977227","https://openalex.org/W1578740441","https://openalex.org/W1581775017","https://openalex.org/W1582168531","https://openalex.org/W1582834989","https://openalex.org/W1583605378","https://openalex.org/W1586716184","https://openalex.org/W1587065682","https://openalex.org/W1587744912","https://openalex.org/W1593905594","https://openalex.org/W1595719476","https://openalex.org/W1595976286","https://openalex.org/W1599033928","https://openalex.org/W1599520774","https://openalex.org/W1599555147","https://openalex.org/W1600013842","https://openalex.org/W1601147714","https://openalex.org/W1604142220","https://openalex.org/W1604639499","https://openalex.org/W1604848448","https://openalex.org/W1605664946","https://openalex.org/W1605669700","https://openalex.org/W1606529381","https://openalex.org/W1606857024","https://openalex.org/W1608533949","https://openalex.org/W1693431528","https://openalex.org/W1760845451","https://openalex.org/W1790313702","https://openalex.org/W1805699599","https://openalex.org/W1811963277","https://openalex.org/W1830908700","https://openalex.org/W1840353327","https://openalex.org/W1950350025","https://openalex.org/W1955936773","https://openalex.org/W1965707663","https://openalex.org/W1969886729","https://openalex.org/W1969983622","https://openalex.org/W1970899344","https://openalex.org/W1971113188","https://openalex.org/W1977240483","https://openalex.org/W1978775682","https://openalex.org/W1979418603","https://openalex.org/W1982809111","https://openalex.org/W1986989899","https://openalex.org/W1989303492","https://openalex.org/W1994137819","https://openalex.org/W1995872895","https://openalex.org/W1997349792","https://openalex.org/W1999406276","https://openalex.org/W2001221843","https://openalex.org/W2004220372","https://openalex.org/W2006584807","https://openalex.org/W2007350665","https://openalex.org/W2009687916","https://openalex.org/W2011424082","https://openalex.org/W2011906974","https://openalex.org/W2011919111","https://openalex.org/W2018670015","https://openalex.org/W2019459021","https://openalex.org/W2020735396","https://openalex.org/W2023385006","https://openalex.org/W2024892824","https://openalex.org/W2025776324","https://openalex.org/W2027129528","https://openalex.org/W2028995298","https://openalex.org/W2033371825","https://openalex.org/W2034946940","https://openalex.org/W2035387744","https://openalex.org/W2037183268","https://openalex.org/W2038010378","https://openalex.org/W2043402138","https://openalex.org/W2043431305","https://openalex.org/W2045357062","https://openalex.org/W2046834055","https://openalex.org/W2047388766","https://openalex.org/W2047582865","https://openalex.org/W2048699492","https://openalex.org/W2051169853","https://openalex.org/W2052237872","https://openalex.org/W2052441401","https://openalex.org/W2056342019","https://openalex.org/W2056857885","https://openalex.org/W2057211502","https://openalex.org/W2057493144","https://openalex.org/W2060258561","https://openalex.org/W2061969291","https://openalex.org/W2062020804","https://openalex.org/W2062935763","https://openalex.org/W2063155831","https://openalex.org/W2066000206","https://openalex.org/W2069477255","https://openalex.org/W2071434239","https://openalex.org/W2074046543","https://openalex.org/W2074812030","https://openalex.org/W2078125618","https://openalex.org/W2078565364","https://openalex.org/W2078710010","https://openalex.org/W2079911253","https://openalex.org/W2083335474","https://openalex.org/W2083643389","https://openalex.org/W2084328989","https://openalex.org/W2085400276","https://openalex.org/W2086298426","https://openalex.org/W2087755174","https://openalex.org/W2088042026","https://openalex.org/W2088948350","https://openalex.org/W2088966794","https://openalex.org/W2090869025","https://openalex.org/W2092517016","https://openalex.org/W2093234884","https://openalex.org/W2093274204","https://openalex.org/W2093769532","https://openalex.org/W2093799706","https://openalex.org/W2093972087","https://openalex.org/W2094334204","https://openalex.org/W2094624934","https://openalex.org/W2096004273","https://openalex.org/W2096361089","https://openalex.org/W2096680578","https://openalex.org/W2098660731","https://openalex.org/W2099648795","https://openalex.org/W2100335818","https://openalex.org/W2101344123","https://openalex.org/W2102062477","https://openalex.org/W2102944622","https://openalex.org/W2108157748","https://openalex.org/W2108947173","https://openalex.org/W2110114533","https://openalex.org/W2111678864","https://openalex.org/W2114316701","https://openalex.org/W2114345969","https://openalex.org/W2115747715","https://openalex.org/W2121034459","https://openalex.org/W2121929762","https://openalex.org/W2122353117","https://openalex.org/W2124115302","https://openalex.org/W2124597406","https://openalex.org/W2124884000","https://openalex.org/W2125331782","https://openalex.org/W2125885346","https://openalex.org/W2127045533","https://openalex.org/W2127680685","https://openalex.org/W2128484934","https://openalex.org/W2128738261","https://openalex.org/W2133108041","https://openalex.org/W2134246329","https://openalex.org/W2134443358","https://openalex.org/W2136456638","https://openalex.org/W2138089052","https://openalex.org/W2142259489","https://openalex.org/W2143841915","https://openalex.org/W2145162389","https://openalex.org/W2149088624","https://openalex.org/W2149987483","https://openalex.org/W2150972247","https://openalex.org/W2151050864","https://openalex.org/W2152839769","https://openalex.org/W2153897194","https://openalex.org/W2156339602","https://openalex.org/W2156718885","https://openalex.org/W2158686541","https://openalex.org/W2160146921","https://openalex.org/W2161747406","https://openalex.org/W2163111126","https://openalex.org/W2166177548","https://openalex.org/W2167623534","https://openalex.org/W2170167618","https://openalex.org/W2172399901","https://openalex.org/W2176723585","https://openalex.org/W2182602975","https://openalex.org/W2231422236","https://openalex.org/W2288601499","https://openalex.org/W2324507998","https://openalex.org/W2343520309","https://openalex.org/W2403035479","https://openalex.org/W2486775312","https://openalex.org/W2623733367","https://openalex.org/W2796930440","https://openalex.org/W2889687103","https://openalex.org/W2890116497","https://openalex.org/W2890465795","https://openalex.org/W2890582035","https://openalex.org/W2890589898","https://openalex.org/W2890805179","https://openalex.org/W2890941461","https://openalex.org/W2954679522","https://openalex.org/W2954694590","https://openalex.org/W2955197474","https://openalex.org/W2955992303","https://openalex.org/W2966676193","https://openalex.org/W2991848107","https://openalex.org/W2996121507","https://openalex.org/W3022960359","https://openalex.org/W3022974262","https://openalex.org/W3026931358","https://openalex.org/W3121194611","https://openalex.org/W3121251920","https://openalex.org/W3121450656","https://openalex.org/W3121517235","https://openalex.org/W3121610474","https://openalex.org/W3121752342","https://openalex.org/W3121899483","https://openalex.org/W3121935849","https://openalex.org/W3122204225","https://openalex.org/W3122327925","https://openalex.org/W3122345282","https://openalex.org/W3122388830","https://openalex.org/W3122671845","https://openalex.org/W3123416450","https://openalex.org/W3123507727","https://openalex.org/W3123605810","https://openalex.org/W3123782511","https://openalex.org/W3123872358","https://openalex.org/W3123880234","https://openalex.org/W3123899433","https://openalex.org/W3124029291","https://openalex.org/W3124189955","https://openalex.org/W3124235709","https://openalex.org/W3124757963","https://openalex.org/W3124905532","https://openalex.org/W3124955107","https://openalex.org/W3125135614","https://openalex.org/W3125344117","https://openalex.org/W3125388365","https://openalex.org/W3125580691","https://openalex.org/W3126076964","https://openalex.org/W3126090116","https://openalex.org/W3145513565","https://openalex.org/W3146166473","https://openalex.org/W3148166264","https://openalex.org/W3150128453","https://openalex.org/W4210365901","https://openalex.org/W4210969759","https://openalex.org/W4236584637","https://openalex.org/W4241687604","https://openalex.org/W4247849208","https://openalex.org/W4254386563","https://openalex.org/W4299354792","https://openalex.org/W4319600218","https://openalex.org/W4385469487","https://openalex.org/W6631148898","https://openalex.org/W6638868895","https://openalex.org/W6640835459","https://openalex.org/W6663243585","https://openalex.org/W6677751080","https://openalex.org/W6987479026","https://openalex.org/W7017387661","https://openalex.org/W7030091963","https://openalex.org/W7037852340","https://openalex.org/W7057090244"],"related_works":["https://openalex.org/W1558195573","https://openalex.org/W1495610968","https://openalex.org/W1576210033","https://openalex.org/W2125013436","https://openalex.org/W4316076671","https://openalex.org/W2140663627","https://openalex.org/W1488231813","https://openalex.org/W3122686689","https://openalex.org/W7098534034","https://openalex.org/W7095762923"],"abstract_inverted_index":{"Introduction":[0],"This":[1,117,220],"chapter":[2,44,118,184],"takes":[3],"acloser":[4],"look":[5,47],"at":[6,48],"the":[7,49,53,68,87,90,100,147,154,202,205,217,222,239],"monetary":[8],"transmission":[9],"mechanism":[10],"in":[11,57,71,78,150,164,171],"Germany,":[12],"focusing":[13],"on":[14,86,234],"investment":[15],"demand.":[16],"For":[17],"a":[18,126,168,172,229],"more":[19,226],"detailed":[20],"econometric":[21],"analysis":[22],"with":[23],"further":[24],"results":[25],"see":[26],"von":[27,37],"Kalckreuth":[28,38],"(2001)":[29],"as":[30,32],"well":[31],"Deutsche":[33,148],"Bundesbank":[34,149],"(2002b)":[35],"and":[36,52,60,114,129,136,160,198,210],"(2002).":[39],"The":[40,81,178],"aim":[41],"of":[42,89,96,111,156,174,182,192,241],"this":[43,79,165,183],"is":[45,84,105,185,208],"to":[46,61,152,196,216,244],"interest":[50,82,236,242],"channel":[51,56,83,103],"balance":[54],"sheet":[55],"Germany":[58],"separately":[59],"compare":[62],"their":[63],"relative":[64],"strength.":[65],"We":[66],"follow":[67],"methodology":[69,170],"introduced":[70],"Chatelain":[72,159],"et":[73],"al":[74],".":[75],"(chapter":[76,162],"7":[77],"volume).":[80],"evaluated":[85],"basis":[88],"estimated":[91],"long-run":[92],"user":[93,190,230],"cost":[94,231],"elasticity":[95],"capital":[97,193],"demand,":[98],"whereas":[99],"broad":[101],"credit":[102],"hypothesis":[104],"tested":[106],"by":[107,146],"comparing":[108],"cash-flow":[109],"sensitivities":[110],"financially":[112],"constrained":[113],"unconstrained":[115],"firms.":[116],"has":[119,213],"two":[120],"distinct":[121],"features.":[122],"First,":[123],"we":[124],"employ":[125],"very":[127],"direct":[128],"reliable":[130],"measure":[131],"for":[132],"financial":[133,218],"constraints:":[134],"creditworthy":[135,138],"not":[137],"firms":[139],"are":[140],"distinguished":[141],"using":[142],"rating":[143],"data":[144],"generated":[145],"order":[151],"judge":[153],"quality":[155],"trade":[157],"bills.":[158],"Tiomo":[161],"10":[163],"volume)":[166],"use":[167],"similar":[169],"study":[173],"French":[175],"firm":[176],"investment.":[177],"second":[179],"important":[180],"feature":[181],"that":[186,204,211],"it":[187],"uses":[188],"theoretical":[189],"costs":[191],"constructed":[194],"according":[195],"King":[197],"Fullerton":[199],"(1984),":[200],"under":[201],"assumption":[203],"neo-classical":[206],"model":[207],"true":[209],"everybody":[212],"equal":[214],"access":[215],"markets.":[219],"reflects":[221],"pure":[223],"price":[224],"effects":[225],"accurately":[227],"than":[228],"variable":[232],"relying":[233],"apparent":[235],"rates,":[237],"i.e.":[238],"ratio":[240],"paid":[243],"total":[245],"debt.":[246]},"counts_by_year":[{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}