On Saturday 11 May, the Centre for Economic Policy Research (CEPR) published an article by Marie Alder, Nuno Coimbra and Urszula Szczerbowicz: using French data, it examines the implications of firms’ debt structure on the transmission of monetary policy to investment.
In their conclusions, the authors highlight the asymmetric impact of the various monetary policy tools on business investment, depending on whether companies are more reliant on bank loans or capital markets for their...