Corporate investment and monetary policy transmission in Canada
Min Jae Kim and
Jonathan Witmer ()
No 2020-26, Staff Analytical Notes from Bank of Canada
Unexpected changes in interest rates lead small firms to materially change their investment rate. Large firms, in contrast, show a smaller response. This suggests both that financial conditions are an important channel for transmitting monetary policy and that firm characteristics can help us better understand fluctuations in business investment.
Keywords: Firm dynamics; Monetary policy; Monetary policy: transmission of (search for similar items in EconPapers)
JEL-codes: D92 G32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cfn and nep-mon
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.bankofcanada.ca/2020/11/staff-analytical-note-2020-26/ Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:20-26
Access Statistics for this paper
More papers in Staff Analytical Notes from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().