Turnover Liquidity and the Transmission of Monetary Policy / Ricardo Lagos, Shengxing Zhang.
Material type: TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w25106.Publication details: Cambridge, Mass. National Bureau of Economic Research 2018.Description: 1 online resource: illustrations (black and white)Subject(s): Online resources: Available additional physical forms:- Hardcopy version available to institutional subscribers
Item type | Home library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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Working Paper | Biblioteca Digital | Colección NBER | nber w25106 (Browse shelf(Opens below)) | Not For Loan |
September 2018.
We provide empirical evidence of a novel liquidity-based transmission mechanism through which monetary policy influences asset markets, develop a model of this mechanism, and assess the ability of the quantitative theory to match the evidence.
Hardcopy version available to institutional subscribers
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