Essays about: "monetary policy transmission"
Showing result 1 - 5 of 43 essays containing the words monetary policy transmission.
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1. The impact of firm-level greenness on the transmission of monetary policy shocks to stock market prices in Sweden
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : A growing literature has indicated that monetary policy shocks impact the stock prices of brown firms more strongly than the stock prices of green firms. Monetary policy tightening is associated with lower stock prices since it leads to a higher cost of capital and in turn a higher discount rate for the expected stream of cash flows. READ MORE
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2. An Empirical Study of Monetary Policy Transmission Through Floating Rate Corporate Debt
University essay from Göteborgs universitet/Graduate SchoolAbstract : Considering the contemporary shift in the interest rate regime and the high levels of corporate debt in the US market, we show that monetary policy surprises have an impact on stock returns. This impact is dominated by a surprise in Fed forward guidance. READ MORE
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3. Wealth Redistribution through Balance Sheet Revaluations - Evidence from Norway
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : This thesis investigates the impact of fluctuations in inflation, monetary policy, and oil prices on the balance sheets of Norwegian households across the wealth distribution. Using a Bayesian Structural Vector Autoregression model, this study simulates the shocks and assesses their transmission through the unexpected inflation and portfolio composition channel throughout the wealth distribution. READ MORE
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4. Monetary Policy with Credit Market Frictions
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : I study the role of collateral as a source of financial friction in the transmission of monetary policy towards firms' investments. First, I use a panel of Swedish firms to estimate the heterogeneity in firm investment responses to monetary policy shocks conditional on collateral. READ MORE
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5. Opening The Gates to The Swedish Mortgage Market - A Study on How the Recent Emergence of Mortgage Credit Companies Affects Real Interest Rates in Sweden
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper examines the impact of the emergence of mortgage credit companies (MCCs) on real mortgage interest rates in Sweden. Our results reveal that MCCs exert downward pressure on average mortgage interest rates for the whole market and monetary financial institutions (MFIs), with statistical significance for most interest rate fixation periods. READ MORE