Essays about: "Joel Myles"

Found 1 essay containing the words Joel Myles.

  1. 1. Unreal Investments : How cheap credit is used when rates are already low, and opportunities for financial investments are present.

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Joel Myles; [2022]
    Keywords : Unreal Investments; Real Investments; Financial Investments; Buybacks; Buy-Backs; Central Bank Purchasing Program; Corporate Bonds; Cheap Credit; Covid Recession; Covid19 Recession; Secular Stagnation;

    Abstract : This study explores the possibility that cheep credit, provided to firms when profit opportunities on real investments are low, and when opportunities of financial investments are present, will loose some of it’s stimulus effect due to a crowding out effect of financial investments on real investments. Analyzing the changes in debt, and it’s channels of use during the recession of the covid19 pandemic, between firms with a history of stock buybacks, and firms without such a history, the study finds a significantly higher increase in debt for firms with a history of doing stock buybacks. READ MORE