Young Firms and Monetary Policy Transmission.
We investigate the role of business dynamism in the transmission of monetary policy by exploitingthe variation in firm demographics across U.S. states. Using local projections, we find that a larger fraction of young firms significantly mutes the effects of monetary policy on the labor market and pe...
| Formato: | Periódico |
|---|---|
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2021.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2021/063 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |