How Long to Read The Investment Channel of Monetary Policy

By Jin Cao

How Long Does it Take to Read The Investment Channel of Monetary Policy?

It takes the average reader to read The Investment Channel of Monetary Policy by Jin Cao

Assuming a reading speed of 250 words per minute. Learn more

Description

We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main findings. First, financially constrained firms are more responsive to monetary policy, but the effect is modest; suggesting that firm heterogeneity plays a minor role in monetary transmission. Second, we disentangle the investment channel of monetary policy into direct effects from interest rate changes and indirect general equilibrium effects. We find that the investment channel of monetary policy is due almost exclusively to direct effects. The two results imply that a representative firm framework with investment adjustment frictions in most cases provides a sufficiently detailed description of the investment channel of monetary policy.

How long is The Investment Channel of Monetary Policy?

The Investment Channel of Monetary Policy by Jin Cao is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read The Investment Channel of Monetary Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read The Investment Channel of Monetary Policy aloud.

What Reading Level is The Investment Channel of Monetary Policy?

The Investment Channel of Monetary Policy is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

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