level of steadystate output, relative to the baseline. The impact of the new liquidity regulation is of a similar order of …

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 … longerterm interest rate and output effects and focuses on U.S. and Japanese liquidity as relevant proxies for global …

We explore the concept of global liquidity based on a factor model estimated using a large set of financial and … macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common … global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor …

We explore the concept of global liquidity based on a factor model estimated using a large set of financial and … macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common … global factors in the dynamics of liquidity indicators. By imposing theoretically motivated sign restrictions on factor …