Despite the fact that efforts to identify it empirically have largely been futile, the liquidity effect plays a central … statistically significant and economically important liquidity effect when nonborrowed reserves is used as the indicator of monetary … a liquidity effect. The paper points out how changes in the demand for borrowed reserves can be used to identify whether …

aggregate demand through increases in the monetary base that may stimulate aggregate demand by increasing liquidity for …

(LIBOR) rates and equivalent-term Treasury rates by reducing the liquidity premium embedded in LIBOR rates. This paper … suggests that rather than reducing the liquidity premium in LIBOR rates, the announcement of the TAF increased the risk premium …

The phrase "liquidity effect" was introduced by Milton Friedman (1969) to describe the first of three effects on … interest rates caused by an exogenous change in the money supply. The lack of empirical support for the liquidity effect using … liquidity effect could be obtained with daily data - the daily liquidity effect. This paper investigates the implications of the …

reducing the liquidity premium embedded in LIBOR rates. This paper suggests that rather than reducing the liquidity premium in …