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3. Q-Monetary Transmission.

Author

Jeenas, Priit and Lagos, Ricardo

Subjects
CORPORATE investments, MONEY supply, MATCHING theory, CAPITAL investments, CAPITAL structure
Abstract

We study the effects of monetary policy–induced changes in Tobin's q on corporate investment and capital structure. We develop a theory of the mechanism, provide empirical evidence, evaluate the ability of the quantitative theory to match the evidence, and quantify the relevance for monetary transmission to aggregate investment. [ABSTRACT FROM AUTHOR]

Published
2024
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