Q -Monetary Transmission
Bibliographic Data
| ID | 10171503 |
|---|---|
| Authors | Priit Jeenas (0000-0001-8046-7265, Centre de Recerca en Economia Internacional), Ricardo Lagos (0009-0009-6755-946X, New York University) |
| Year | 2023 |
| Volume | 132 |
| Issue | 3 |
| Pages | 971-1012 |
| Publication date | 2023-07-21 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/726904 |
| OpenAlex | W4384944131 |
| Language | EN |
| References cited | 34 |
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
Economics · Monetary economics · Telecommunications · Transmission (telecommunications · Banking stability, regulation, efficiency · Computer Science · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
Monetary policy surprises and interest rates
Common risk factors in the returns on stocks and bonds
Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms
Corporate financing and investment decisions when firms have information that investors do not have
Monetary Policy Surprises, Credit Costs, and Economic Activity
A General Equilibrium Approach To Monetary Theory
Tobin's Marginal q and Average q
Symposium on the Monetary Transmission Mechanism
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Credit Cycles
Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments
| Citation velocity | historical |
|---|---|
| Highly cited | No |