investment and welfare. I propose a model where public debt has a liquidity purpose for the domestic private sector and is … domestic private sector demands the safe bonds. Safe bonds lower the cost of liquidity hoarding for the private sector which …

reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …

This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic …

result in liquidity growth that is a stable leading indicator of nominal expenditure. …

This paper investigates the presence of liquidity premia in the relative pricing of assets traded on the Spanish … liquidity. Second, we estimate liquidity premia, including liquidity parameters in the estimation of the zero-coupon yield curve …. The results suggest the existence of a liquidity premium for post-benchmark bonds (both strippable and non-strippable). …

busts, and analyses equity market reforms and excess liquidity as potential drivers of these stock price misalignments. Our … liquidity, seem to have significantly contributed to these misalignments. …