Falling Rates and Rising Superstars
收藏NBER2021-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29368
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资源简介：
Using high frequency interest rate shocks, we find that falling rates in a low interest rate environment favor industry leaders. A fall in interest rate near the zero lower bound leads to a stronger decline in the borrowing rate for industry leaders, who also borrow more, invest more aggressively,
提供机构：
美国国家经济研究局
创建时间：
2021-10-01
