Blar i Norges Banks vitenarkiv på forfatter "Hegna, Torje"
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The Investment Channel of Monetary Policy : Evidence from Norway
Cao, Jin; Hegna, Torje; Holm, Martin B.; Juelsrud, Ragnar; König, Tobias; Riiser, Mikkel (Working paper;5/2023, Working paper, 2023)We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main findings. First, financially constrained firms are more responsive to monetary policy, but the effect ...