Berger, Helge (contributor); Harjes, Thomas (contributor) - 2008
longerterm interest rate and output effects and focuses on U.S. and Japanese liquidity as relevant proxies for global … developments from a euro area perspective. We find that both excess liquidity in Japan and, in particular, the U.S. tend to lead … contrast, the influence of Japanese and euro area excess liquidity on euro area inflation is more limited. -- Global excess …