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Turnover Liquidity and the Transmission of Monetary Policy

Ricardo Lagos and Shengxing Zhang ()

American Economic Review, 2020, vol. 110, issue 6, 1635-72

Abstract: We provide empirical evidence of a novel liquidity-based transmission mechanism through which monetary policy influences asset markets, develop a model of this mechanism, and assess the ability of the quantitative theory to match the evidence.

JEL-codes: E44 E52 G12 G14 G35 (search for similar items in EconPapers)
Date: 2020
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Related works:
Working Paper: Turnover liquidity and the transmission of monetary policy (2020) Downloads
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2018) Downloads
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2016) Downloads
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2016) Downloads
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DOI: 10.1257/aer.20170045

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