Duration and Monetary Policy

We look into firms’ decisions regarding the duration profile of investment, in response to monetary policy shocks.

February 2025 · Heitor Almeida, Timothy Johnson, Sebastiao Oliveira, Yucheng Zhou

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.

February 2025 · Divij Kohli, Justin Mohr, Yucheng Zhou

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.

December 2024 · Heitor Almeida, Timothy Johnson, Sebastiao Oliveira, Yucheng Zhou