The Role of Equity Financing Constraints in the Transmission of Monetary Policy
This paper analyzes the transmission of monetary policy via financing constraint in equity market to firm investment and stock returns.
Monetary Policy
Duration and Monetary Policy
We look into firms’ decisions regarding the duration profile of investment, in response to monetary policy shocks.
The Other Half: Monetary Policy Transmission for Households without Mortgages
We look into the household balance sheet, specifically household debt that is not mortgage, and how does monetary policy transmit to households without mortgages.