Abstract

In this paper, we study the relationship between micro enterprise investment behavior and monetary policy. From the perspective of the monetary policy transmission mechanism, we examine the monetary policy transmission channels and the asymmetry of monetary policy. On the basis of which, we research asymmetric reaction of monetary policy to the efficiency of the enterprise investment. Through the study we find that between the dilated and tightening monetary policy, in different types of economic agents and the areas there exists asymmetric effect of monetary policy, the effect of monetary policy conduction effect and the influence of the efficiency to the enterprise investment are different. The empirical results show that when monetary policy is loose, corporate investment efficiency is higher, at the same time, the efficiency of enterprises in eastern investment is higher, which is mainly caused by developed monetary market of eastern and other reasons.

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