Monetary Easing, Leveraged Payouts and Lack of Investment
收藏NBER2019-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26471
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资源简介：
This paper studies a model in which a low monetary policy rate lowers the cost of capital for entrepreneurs, potentially spurring productive investment. Low interest rates, however, also induce entrepreneurs to lever up so as to increase payouts to equity. Whereas such leveraged payouts privately
提供机构：
美国国家经济研究局
创建时间：
2019-11-01
