The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities
收藏NBER2016-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22259
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We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities and ask: Can a shock to the liquidity of private paper lead to a collapse in short-term nominal interest rates and a recession like the one associated with the 2008 U.S. financial crisis? Once the
提供机构：
美国国家经济研究局
创建时间：
2016-05-01
