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Persistent link: https://www.econbiz.de/10010339194

Liquidity effects and the monetary transmission mechanism

Christiano, Lawrence J.; Eichenbaum, Martin S. - 1992

Persistent link: https://www.econbiz.de/10000831835

Liquidity effects and the monetary transmission mechanism

Christiano, Lawrence J.; Eichenbaum, Martin S. - 1992

Persistent link: https://www.econbiz.de/10000136586

Testing the liquidity effect with equilibrium interest rate

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An analytical approach to the liquidity effects of monetary policy

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Liquidity Effects and the Monetary Transmission Mechanism

Christiano, Lawrence J. - 1992

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