Monetary policy and productivity: Unpacking multifaceted links
收藏Organisation for Economic Co-operation and Development2026-02-07 收录
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Relying on local projection methods and a large cross-country firm-level dataset, we provide a comprehensive assessment of how monetary policy shocks affect productivity dynamics. We find significant effects operating both through changes in firm-level productivity growth and through the reallocation of resources across firms. A 25-basis-point...
