Federal Reserve Bank of San Francisco: 'Financial Conditions and Capital Investment Choices'
March 25, 2026
March 25, 2026
SAN FRANCISCO, California, March 25 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2026-05) on March 20, 2026, by Oscar Jorda, Fernanda Nechio, Toan Phan, Felipe Schwartzman entitled "Financial Conditions and Capital Investment Choices."
Here are excerpts:
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We show, both theoretically and empirically, that tight financial conditions shift investment toward cheaper but less energy-efficient capital . . .
Here are excerpts:
* * *
We show, both theoretically and empirically, that tight financial conditions shift investment toward cheaper but less energy-efficient capital . . .