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Effect of Changes in Monetary Policy on the Expectations, Spending, and Hiring Decisions of Small Business Owners

Saturday, January 1, 2005

This study documents how small firms react to
unexpected changes in monetary policy. Monthly
survey data obtained from the National Federation of
Independent Business illustrate how owner expectations are affected by these changes, with corresponding adjustments to spending and hiring plans, and ultimately changes in actual spending and hiring.

Link
http://www.sba.gov/advo/research/rs267tot.pdf