Published on 5 April 2024
![Visuel - billet blog 351](/system/files/styles/rectangle_375x225/private/2024-04/Visuel%20hausse%20taux%20int%C3%A9r%C3%AAt.jpg?h=88b366d4&itok=lbuzh_V8)
Post No.351. ECB conventional monetary policy (CMP) and bond liquidity (BL) shocks affect French firms’ investment. The strength of the impact depends on firms’ debt structure: bank-reliant firms reduce investment relatively more after interest rates hikes than after contractionary bond liquidity shocks.