How Long to Read U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data

By Ms. Elif C Arbatli Saxegaard

How Long Does it Take to Read U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data?

It takes the average reader 1 hour and 11 minutes to read U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data by Ms. Elif C Arbatli Saxegaard

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

Description

We examine three main channels through which U.S. monetary policy shocks affect firm investment in foreign countries: (1) the balance sheet channel; (2) the financial channel of the exchange rate; and (3) the trade channel. For this purpose, we use quarterly firm-level data for 63 advanced economies (AEs) and emerging market and developing economies (EMDEs) over 1996-2016. Our results suggest an important and independent role for all three key channels. U.S. monetary policy shocks have larger effects on investment for firms that are more leveraged (balance sheet channel), for firms that have a higher share of debt in foreign currency (financial channel of the exchange rate), and for firms that operate in sectors with higher export dependence (trade channel). Back-of-the-envelope calculations suggest that the balance sheet channel is the most important channel of transmission of U.S. monetary policy shocks on aggregate firm investment.

How long is U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data?

U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data by Ms. Elif C Arbatli Saxegaard is 69 pages long, and a total of 17,871 words.

This makes it 23% the length of the average book. It also has 22% more words than the average book.

How Long Does it Take to Read U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 37 minutes to read U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data aloud.

What Reading Level is U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data?

U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data is suitable for students ages 8 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.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data?

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