Distressed Firms and the Large Effects of Monetary Policy Tightenings

Ander Pérez-Orive and Yannick Timmer
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Ander Pérez-Orive: https://www.federalreserve.gov/econres/ander-perez-orive.htm

No 2023-06-23-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The stance of U.S. monetary policy has tightened significantly starting in March 2022. At the same time, the share of firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s.

Date: 2023-06-23
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-06-23-1

DOI: 10.17016/2380-7172.3279

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