Q-Monetary Transmission

  • Authors: Priit Jeenas.
  • Journal of Political Economy
  • Monetary and Fiscal Policy

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.

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