---
title: Firm Heterogeneity and the Response of Investment to Monetary Policy
url: https://www.ml-quant.com/papers/repec/fip-fednls-103898/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-30
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:fip:fednls:103898
source_url: https://econpapers.repec.org/RePEc:fip:fednls:103898
featured: 2026-10-30
citations: unknown
topic: Portfolio & Allocation
---


# Firm Heterogeneity and the Response of Investment to Monetary Policy

The research documents that most firms respond little to interest rate changes, but some show strong sensitivity; substantial heterogeneity cannot be easily explained by standard firm traits.

- Source: https://econpapers.repec.org/RePEc:fip:fednls:103898
- Identifier: RePEc:fip:fednls:103898
- Released: 2026-10-19
- First featured: Quant Letter No. 137 (2026-10-30): https://www.ml-quant.com/issues/2026-10-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Portfolio & Allocation
- Authors: Thomas Drechsel, Daniel J. Lewis, Davide Melcangi, Laura Pilossoph

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