Persistent Liquidity Effects and Long Run Money Demand
收藏NBER2011-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17566
下载链接
链接失效反馈官方服务：
资源简介：
We present a monetary model in the presence of segmented asset markets that implies a persistent fall in interest rates after a once and for all increase in liquidity. The gradual propagation mechanism produced by our model is novel in the literature. We provide an analytical characterization of
提供机构：
美国国家经济研究局
创建时间：
2011-11-01
