Q-Monetary Transmission

Priit Jeenas, Ricardo Lagos

    Research output: Contribution to journalArticlepeer-review

    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.

    Original languageEnglish (US)
    Pages (from-to)971-1012
    Number of pages42
    JournalJournal of Political Economy
    Volume132
    Issue number3
    DOIs
    StatePublished - Mar 1 2024

    ASJC Scopus subject areas

    • Economics and Econometrics

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