Monetary Policy and Intangible Investment / Robin Dottling, Lev Ratnovski.
We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as identified from Fed Funds futures movements around FOMC announcements. Consistent with the stock price r...
Saved in:
| Online Access: |
Full Text (via IMF e-Library) |
|---|---|
| Main Author: | |
| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Series: | IMF working paper ;
WP/2020/160. |