Baumeister, Christiane; Durinck, Eveline; Peersman, Gert - 2008
inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity …In this paper, we investigate how the dynamic effects of excess liquidity shocks on economic activity, asset prices and … (M1, M3-M1 or credit) and the underlying state of the economy (asset price boom-bust, business cycle, inflation cycle …