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- W4386629897 abstract "Uncertainty at the firm-level falls on FOMC announcement days with substantial variation both across firms and over time. We find that this is not related to commonly used measures of monetary policy shocks which capture surprises about the expected path of the policy rate. Rather it is driven by changes in uncertainty around the expected path of the policy rate. This effect is attenuated for firms that have higher growth opportunities (as measured by Tobin’s Q)." @default.
- W4386629897 created "2023-09-13" @default.
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- W4386629897 date "2023-11-01" @default.
- W4386629897 modified "2023-09-27" @default.
- W4386629897 title "The effect of monetary policy on firm-level uncertainty" @default.
- W4386629897 cites W3023597126 @default.
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- W4386629897 doi "https://doi.org/10.1016/j.econlet.2023.111319" @default.
- W4386629897 hasPublicationYear "2023" @default.
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