Liquidity, Business Cycles, and Monetary Policy
收藏数据链接：
官方服务：
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
提供机构：
美国国家经济研究局创建时间：
2012-03-01
