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We study how firms' investment responses to monetary policy depend on their financial conditions, finding a major role for their excess bond premia (EBP), the component of their credit spreads in excess of default risk. While monetary policy easings
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::eca1fee7e4ef7e0d4f929cbf6f8de2d8
