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.
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CITATION STYLE
Xu, Q. (2020). Macro Monetary Policy and Micro Corporate Behavior. Modern Economy, 11(03), 740–749. https://doi.org/10.4236/me.2020.113054