Monetary Policy and Intangible Investment

Cooper Howes and Alice von Ende-Becker

Economic Review, 2022, vol. 107, issue no.2

Abstract: Cooper Howes and Alice von Ende-Becker provide a simple framework to explain how the financing structure and depreciation rate of intangible investment cause it to respond differently to changes in interest rates and then analyze what these properties imply for the efficacy of monetary policy. Building on the findings of Döttling and Ratnovski (2021), they show that monetary policymakers may need to adjust their approach to managing the economy as the share of intangible investment continues to grow.

Keywords: Monetary policy; Investments (search for similar items in EconPapers)
JEL-codes: E22 E52 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.18651/ER/v107n2HowesvonEndeBecker

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