id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
arjefm-66	Lim, Dr. William S.; Rashid, Dr. Mohammad A.	THE DYNAMICS OF TRADE CREDIT TERMS IN RESPONSE TO INTEREST RATE CHANGES	2023	13	.pdf	application/pdf	6476	302	57	Monetary easing in times of recession (like during a pandemic) may not result in lower trade credit interest rates or more generous credit terms as the benefits of companies changing credit terms might be offset by menu costs. Using a menu cost estimate by Zbaracki et al. (2004) of just 0.0435% of revenues, it would require an increase in short-term interest rates from 5% to over 20% for the benefits of increasing trade credit interest rates and product prices to outweigh the menu costs.	cache/arjefm-66.pdf	txt/arjefm-66.txt