Q-Monetary Transmission

Priit Jeenas and Ricardo Lagos

No 30023, NBER Working Papers from National Bureau of Economic Research, Inc

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.

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-mac and nep-mon
Note: EFG ME
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Published as Priit Jeenas & Ricardo Lagos, 2024. "-Monetary Transmission," Journal of Political Economy, vol 132(3), pages 971-1012.

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Working Paper: Q-Monetary Transmission (2022)
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