policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real … nominal variables. Money is not neutral, either in the short-run or long-run, and a localized version of the quantity theory … towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary …

We study the liquidity, defined as the size of the trading volume, in a situation where an infinite number of agents …

We study the liquidity, de ned as the size of the trading volume, in a situation where an in nite number of agents with …

of assets, income and cash flows, or the abundant liquidity at a low cost. This paper studies the risk behavior of the …

Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …

liquidity and volatility. To identify causality, we rely on the unique design of this tax that is imposed only on large French … measures of liquidity, such as price impact, and no significant effect on volatility. The results are robust if we rely on …