Semmler, Willi; Padró Rosario, Gabriel R.; Koçkesen, … - In: Econometrics : open access journal 11 (2023) 4, pp. 1-20
-size U.S. banks, shed new light on the role of liquidity in business cycle dynamics. In the normal path of the business cycle …, liquidity and output mutually interact. Small shocks generally lead to mean reversion through market forces, as a low degree of … liquidity dissipation does not significantly disrupt the economic dynamics. However, larger shocks and greater liquidity …