Financial Heterogeneity and the Investment Channel of Monetary Policy
收藏NBER2018-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24221
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资源简介：
We study the role of financial frictions and firm heterogeneity in determining the investment channel of monetary policy. Empirically, we find that firms with low default risk those with low debt burdens and high distance to default are the most responsive to monetary shocks. We interpret these
提供机构：
美国国家经济研究局
创建时间：
2018-01-01
