… Our results also show that broker–dealer leverage shocks can significantly affect … -policy
shocks, such as broker–dealer leverage shocks seem more important than interest rate policy in …

… Second, we provide a comprehensive comparative analysis of monetary policy, uncertainty
and leverage shocks, focusing on the effects of these shocks on a broad range of economic …

… Hence, understanding how banks organize their stable funding in relation to illiquid assets
during monetary policy shocks, based on Basel III guidelines, is a key contribution of this study…

… monetary policy should respond to real and financial shocks in an environment where
leverage … This debt-induced distortion is counter-cyclical, rising in response to adverse shocks, …

… monetary policy rates can worsen or reduce these incentives depending on the size of the
shock … faces costly dividend adjustment, lower monetary policy rates always worsen risk-taking …

… corporate leverage and the sensitivity of industrial production to monetary policy shocks within
… production to a monetary policy shock is concave in leverage. This indicates that at high …

… From this perspective, we can think of this shock as affecting … combination of risk shocks and
collateral shocks, calibrated to … In addition, it is shown how the same shocks, absent the Fed’…

… in monetary policy can affect firm investment through leverage in … monetary policy cannot
be identified unless we know for sure that the change in policy is due to exogenous shocks…

… First, I study the instantaneous effects of monetary policy shocks on stock prices. I … on
monetary policy shocks and an interaction between the capital ratio and the monetary policy shocks…

… This paper aims to investigate whether negative and positive monetary policy (MP) shocks
have asymmetric impacts on corporate firms’ investment decisions in Pakistan using firm-level …