The Investment Channel of Monetary Policy: Disentangling Firm Heterogeneity
The study estimates the full distribution of firms' investment responses to monetary policy using clustering regression, finding only 5 percent of firm-time observations show strong sensitivity.
Featured in No. 138 on 6 Nov 2026 · 11 days after release
- Released
- 26 Oct 2026
- First featured
- No. 138 · 6 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:fip:fednsr:103901
- Authors
- Thomas Drechsel et al.
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