Global excess liquidity roaming the world’s financial markets (or its sudden absence) is sometimes believed to limit … constitutes global excess liquidity and how exactly it shapes the policy environment. Our approach adjusts liquidity for …

Global excess liquidity roaming the world’s financial markets (or its sudden absence) is sometimes believed to limit … constitutes global excess liquidity and how exactly it shapes the policy environment. Our approach adjusts liquidity for …

for an aggregate of the major industrialised countries and analyse the transmission of shocks to global excess liquidity … conclusion is that global excess liquidity appears to be a useful measure of the monetary policy stance at the level of the world … economy. Moreover, there is some evidence that global excess liquidity shocks have some spill-over on output, the price level …

global excess liquidity to the global economy, including possible cross-border spill-over effects to a number of domestic …This paper endeavours to provide a comprehensive analysis of the nature and the possible importance of “global excess … liquidity”, a concept which has attracted considerable attention in recent years. The contribution of this paper is threefold …

global excess liquidity to the global economy, including possible cross-border spill-over effects to a number of domestic …This paper endeavours to provide a comprehensive analysis of the nature and the possible importance of “global excess … liquidity”, a concept which has attracted considerable attention in recent years. The contribution of this paper is threefold …