Liquidity, Business Cycles, and Monetary Policy
收藏NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17934
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资源简介：
The paper presents a model of a monetary economy where there are differences in liquidity across assets. Money circulates because it is more liquid than other assets, not because it has any special function. There is a spectrum of returns on assets, reflecting their differences in liquidity. The
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美国国家经济研究局创建时间：
2012-03-01
