The Role of Interdependencies Between the Micro and Macro Level in Explaining Investment Dynamics and its Determinants
The thesis examines the interactions between the micro and macro levels by considering the effects of information at the micro level on the dynamics of aggregated investments. Another contribution examines the extent to which stress at the level of government refinancing and bank stress contributed to the rise in both the level and the heterogeneity of the refinancing costs of non-financial companies in the euro area during the European debt crisis and how they influenced the monetary transmission mechanism. The 3rd research paper analyzes how investments at company level are influenced by interactions between the company and the euro area as a whole.
