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Q-Monetary Transmission / Priit Jeenas, Ricardo Lagos.
- Format:
- Book
- Author/Creator:
- Jeenas, Priit.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30023.
- NBER working paper series no. w30023
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- 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.
- Notes:
- Print version record
- May 2022.
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