Q-Monetary Transmission

S-Tier
Journal: Journal of Political Economy
Year: 2024
Volume: 132
Issue: 3
Pages: 971 - 1012

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/726904
Journal Field
General
Author Count
2
Added to Database
2026-01-25