MONETARY POLICY SHOCKS AND FIRM HETEROGENEITY

This paper examines the extent to which monetary policy shock transmis- sion effects differ within foreign countries due to firm heterogeneity. Current.

Monetary policy, investment and firm heterogeneity - ScienceDirect

We focus on investment since the traditional and the credit view of monetary policy imply the manifestation of different types of heterogeneity in the reaction ...

Monetary policy, investment and firm heterogeneity

We show that the reaction of firms' investment to a monetary policy shock is het- erogeneous along dimensions that correspond to the two main channels of ...

Monetary Policy Shocks and Firm Heterogeneity: A Cross-Country ...

This paper examines the extent to which monetary policy shock transmission effects differ within foreign countries due to firm heterogeneity.

Financial Heterogeneity and the Investment Channel of Monetary ...

gregate effect of monetary policy by fixing the firm-level response to monetary shocks while varying the initial distribution of firms. We find that a ...

Monetary Policy, Employment, and Firm Heterogeneity

The paper presents new empirical evidence that in the U.S., employment by younger and smaller firms responds more to monetary policy shocks than ...

Monetary Policy, Firm Heterogeneity, and Product Variety - LSE

Aggregate productivity falls in the aftermath of the contractionary monetary policy shock and remains below the initial level for four quarters. These results ...

The Propagation of Monetary Policy Shocks in a Heterogeneous ...

Firms with flexible prices adjust prices in a staggered fashion and by less on impact than in a model with homogeneous Calvo rates across sectors. The ...

Firm Heterogeneity and Monetary Policy Transmission

My analysis uses a large firm-level data set together with high-frequency identified monetary policy shocks, in order to gain insights on these ...

Monetary Policy Shock, Financial Frictions and Heterogeneous Firms

This paper examines the influence of financial constraints on the transmission of monetary policy shocks across heterogeneous firms. To this end ...

U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level ...

U.S. monetary policy shocks have larger effects on investment for firms that are more leveraged (balance sheet channel), for firms that have a ...

Firm heterogeneity, capital misallocation and optimal monetary policy

This paper analyzes the link between monetary policy and capital misallocation in a New Keynesian model with heterogeneous firms and ...

Monetary policy, investment and firm heterogeneity - IDEAS/RePEc

... firm level investment and high-frequency identified monetary policy shocks. We show that the reaction of firms' investment to a monetary policy shock is ...

Monetary policy shocks and firm investment decisions

From the perspective of corporate managers, investment decisions affect their business's long-run development. If heterogeneous firm-level characteristics ...

Monetary Policy, Investment and Firm Heterogeneity

We show that the reaction of firms' investment to a monetary policy shock is heterogeneous along dimensions that correspond to the two main channels of monetary ...

Financial Heterogeneity and the Investment Channel of Monetary ...

Empirically, we show that firms with low leverage or high credit ratings are the most responsive to monetary policy shocks. We develop a heterogeneous firm. New ...

Financial Shock Transmission to Heterogeneous Firms

We study the heterogeneous impact of jointly identified monetary policy and global risk shocks on corporate funding costs.

Monetary Policy Shocks, Financial Structure, and Firm Activity - CREI

Keywords: Monetary policy, Financial frictions, Liquid assets, Firm heterogeneity. 1 Introduction. This paper examines the monetary policy transmission ...

The Impact of U.S. Monetary Policy on Foreign Firms

We exploit heterogeneity in a country-sector's export links to the world or the U.S. to construct several measures of its exposure to demand shocks. In ...

The Impact of Monetary Policy Shocks on Corporate Dynamic ...

This article assesses the differential reactions of firms' investment to monetary policy shocks based on various financial heterogeneity measures.