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...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2020.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2020/160 |
| On-line přístup: | Full text available on IMF |