Macro Monetary Policy and Micro Corporate Behavior ()
ABSTRACT
The process of monetary policy transmission can be
understood as a “macro policy
stimulus-microeconomic response-macro output” process, that is, from the
process of macro monetary policy control affecting macro output, micro
Economies (businesses, households, individuals, etc.) have played a decisive
role in responding to monetary policy changes. As early as 1963, scholar Tobin
pointed out that corporate asset allocation is a direct reflection of corporate
behavior, so it is also of great significance to explore the role of corporate
financial asset allocation in the impact of monetary policy on corporate
performance. This article reviews the impact of monetary policy on corporate
investment and financing behavior, and reviews past research to show the impact
of monetary policy on corporate financial behavior.
Share and Cite:
Xu, Q. (2020) Macro Monetary Policy and Micro Corporate Behavior.
Modern Economy,
11, 740-749. doi:
10.4236/me.2020.113054.