Low interest rates, asset purchases and other accommodative monetary policy measures tend to increase asset prices and thereby benefit the wealthier segments of society, at least in the short-term, given that asset holdings are mainly concentrated among richest households. Such policies also...

Low interest rates, asset purchases and other accommodative monetary policy measures tend to increase asset prices and thereby benefit the wealthier segments of society, at least in the short-term, given that asset holdings are mainly concentrated among richest households. Such policies also...

Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; Forward: Eugene C. Nelson; Forward: Victor M.Montori; Acknowledgments; Author; 1. The long road to finding what matters most to patients; 1.1 The siren call of the business case; 1.1.1 The faulty logic of the business case;...

How does the dispersion of firm-level shocks affect the investment channel of monetary policy? Using firm-level panel data, we construct several measures of dispersion of productivity shocks, time-pooled and time-varying, and interact high-frequency identified monetary policy shocks with these...