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liquidity effects. This paper discusses the basic frictions and mechanisms underlying this new class of models and investigates … long-lasting, quantitatively significant liquidity effects, as well as persistent increases in aggregate economic activity …
Persistent link: https://www.econbiz.de/10012475008
liquidity effects. This paper discusses the basic frictions and mechanisms underlying this new class of models and investigates … long-lasting, quantitatively significant liquidity effects, as well as persistent increases in aggregate economic activity …
Persistent link: https://www.econbiz.de/10013228629
Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that …
Persistent link: https://www.econbiz.de/10003973320
Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that …
Persistent link: https://www.econbiz.de/10013316211
Persistent link: https://www.econbiz.de/10000654423
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This paper uses the Flow of Funds accounts to assess the impact of a monetary policy shock on the borrowing and lending activities of different sectors of the economy. Our measures of contractionary monetary policy shocks have the following properties: (i) they are associated with a fall in...
Persistent link: https://www.econbiz.de/10012474229
This paper uses the Flow of Funds accounts to assess the impact of a monetary policy shock on the borrowing and lending activities of different sectors of the economy. Our measures of contractionary monetary policy shocks have the following properties: (i) they are associated with a fall in...
Persistent link: https://www.econbiz.de/10013322315