Effects of Monetary Policy on Firms in Brazil: An Empirical Analysis of the Balance Sheet Channel

Effects of Monetary Policy on Firms in Brazil: An Empirical Analysis of the Balance Sheet Channel

dc.creatorde Oliveira, Fernando Nascimento
dc.date2009-12-01
dc.date.accessioned2022-11-03T21:19:12Z
dc.date.available2022-11-03T21:19:12Z
dc.identifierhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3440
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5047990
dc.descriptionThis paper investigates the transmission mechanism of monetary policy in Brazil. It is an empirical analysis of the effects of monetary policy on the behavior of firms in Brazil. We build an original database composed of financial statements of 291 public firms and of 4,735 private firms. We use the balance sheet theory to investigate how firms respond to monetary contractions. Our results show that small firms are more sensitive to monetary contractions than large firms.en-US
dc.descriptionThis paper investigates the transmission mechanism of monetary policy in Brazil. It is an empirical analysis of the effects of monetary policy on the behavior of firms in Brazil. We build an original database composed of financial statements of 291 public firms and of 4,735 private firms. We use the balance sheet theory to investigate how firms respond to monetary contractions. Our results show that small firms are more sensitive to monetary contractions than large firms.pt-BR
dc.formatapplication/pdf
dc.languageeng
dc.publisherSociedade Brasileira de Econometriaen-US
dc.relationhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3440/2207
dc.sourceBrazilian Review of Econometrics; Vol. 29 No. 2 (2009); 171–204en-US
dc.sourceBrazilian Review of Econometrics; v. 29 n. 2 (2009); 171–204pt-BR
dc.source1980-2447
dc.subjectMonetary Transmission Mechanismen-US
dc.subjectBalance Sheet Channelen-US
dc.subjectCentral Banken-US
dc.subjectMonetary Contractionsen-US
dc.subjectE22en-US
dc.subjectE52en-US
dc.subjectMonetary Transmission Mechanismpt-BR
dc.subjectBalance Sheet Channelpt-BR
dc.subjectCentral Bankpt-BR
dc.subjectMonetary Contractionspt-BR
dc.subjectE22pt-BR
dc.subjectE52pt-BR
dc.titleEffects of Monetary Policy on Firms in Brazil: An Empirical Analysis of the Balance Sheet Channelen-US
dc.titleEffects of Monetary Policy on Firms in Brazil: An Empirical Analysis of the Balance Sheet Channelpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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