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Investment and Uncertainty: Is There a Potential Role for a Common European Policy?Giorgio CalcagniniUniversity of Urbino Carlo Bo - Faculty of Economics; Università Politecnica delle Marche - Money and Finance Research Group (Mo.Fi.R.) Enrico SaltariUniversity of Rome I - Department of Public Economics July 2000 Quaderni di Economia, Matematica e Statistica No. 59. Universita' di Urbino, Facolta' di Economia Abstract: The aim of this paper is twofold. First, it contributes to the long-running debate on the role of how uncertainty affects firms' investment decisions. Our results show that uncertainty is negatively correlated with investment. Secondly, it shows the desirability of a common European economic policy oriented both to the support and the stabilization of aggregate demand.
Number of Pages in PDF File: 10 Keywords: Investment, Uncertainty, European economy JEL Classification: E22, C21, D92 working papers seriesDate posted: November 20, 2000Suggested CitationContact Information
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