Q-Monetary Transmission

Ricardo Lagos and Priit Jeenas

No 1348, Working Papers from Barcelona School of Economics

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.

Keywords: investment; stock prices; Tobin's q; monetary transmission; capital structure (search for similar items in EconPapers)
JEL-codes: D83 E22 E44 E52 G12 G31 G32 (search for similar items in EconPapers)
Date: 2022-05
New Economics Papers: this item is included in nep-dge, nep-fdg and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Q-Monetary Transmission (2024)
Working Paper: Q-Monetary Transmission (2022)
Working Paper: Q-Monetary Transmission (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:bge:wpaper:1348

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