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https://doi.org/10.3386/w4015

has been cited by the following article:

• TITLE: Macro Monetary Policy and Micro Corporate Behavior

  AUTHORS: Qifan Xu

  KEYWORDS: Monetary Policy, Transmission, Corporate Behavior

  JOURNAL NAME: Modern Economy, Vol.11 No.3, March 30, 2020

  ABSTRACT: The process of monetary policy transmission can be understood as a “macro policy stimulus-microeconomic response-macro output” process, that is, from the process of macro monetary policy control affecting macro output, micro Economies (businesses, households, individuals, etc.) have played a decisive role in responding to monetary policy changes. As early as 1963, scholar Tobin pointed out that corporate asset allocation is a direct reflection of corporate behavior, so it is also of great significance to explore the role of corporate financial asset allocation in the impact of monetary policy on corporate performance. This article reviews the impact of monetary policy on corporate investment and financing behavior, and reviews past research to show the impact of monetary policy on corporate financial behavior.