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Discussion Paper

Distressed Firms and the Large Effects of Monetary Policy Tightenings


Abstract: The stance of U.S. monetary policy has tightened significantly starting in March 2022. At the same time, the share of firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s.

https://doi.org/10.17016/2380-7172.3279

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2023-06-23

Number: 2023-06-23-1