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150128 ||| eng |
| 020 |
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|a 9781451850109
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| 100 |
1 |
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|a Sloek, Torsten
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| 245 |
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0 |
|a New Economy Stock Valuations and Investment in the 1990s
|c Torsten Sloek, Hali Edison
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2001
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| 300 |
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|a 17 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Inflation
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Stock exchanges
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| 653 |
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|a Private investment
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| 653 |
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|a Investment
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| 653 |
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|a Stocks
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| 653 |
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|a Pension Funds
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| 653 |
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|a Finance
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| 653 |
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|a Market capitalization
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Deflation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Intangible Capital
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| 653 |
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|a National accounts
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| 653 |
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|a Asset prices
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Price Level
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| 653 |
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|a Financial markets
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| 653 |
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|a Saving and investment
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| 653 |
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|a Stock markets
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| 653 |
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|a Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Investments: General
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Financial services industry
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Capacity
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| 653 |
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|a Investment & securities
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| 653 |
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|a Capital
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| 653 |
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|a Finance: General
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| 700 |
1 |
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|a Edison, Hali
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781451850109.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2001/078/001.2001.issue-078-en.xml?cid=15192-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper investigates whether there is a different impact from changes in "new" and "old" economy stock valuations on private investment for seven OECD economies. A vector autoregressive model is estimated for each individual country, using quarterly data over the period 1990-2000. We find that the impact from changes in valuations of new economy stocks to investment is roughly the same in North America and United Kingdom as in continental Europe. By contrast, the impact from changes in old economy stock valuations on investment is, in general, larger in North America and United Kingdom than in continental Europe. Finally, the results suggest that in continental Europe the impact on investment from changes in the valuation of new economy stocks is bigger than for old economy stocks, whereas for North America and United Kingdom the impact is more similar
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