Monetary Policy and Intangible Investment /
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...
| मुख्य लेखक: | |
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| अन्य लेखक: | |
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2020.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2020/160 |
| ऑनलाइन पहुंच: | Full text available on IMF |