HKC05 - Household Portfolios, Corporate Leverage, and the Supply Side of Monetary Policy
Corporate leverage affects how monetary tightening transmits to the real economy: equity holders lose wealth while safe-asset holders are cushioned, raising the sacrifice ratio.
Featured in No. 132 on 25 Sep 2026 · 4 days after release
- Released
- 21 Sep 2026
- First featured
- No. 132 · 25 Sep 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:cxv:wpaper:2602
- Authors
- Charles Goodhart et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).