Innovation, financial frictions, and persistent effects of monetary policy
Monetary tightening reduces R&D more sharply among firms lacking cash-flow-based borrowing, generating persistent 0.12% output loss that younger, high-patent firms bear disproportionately.
Featured in No. 132 on 25 Sep 2026 · 4 days after release
- Released
- 21 Sep 2026
- First featured
- No. 132 · 25 Sep 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:boe:boeewp:023581
- Authors
- Aydan Dogan and Ozgen Ozturk
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).