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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Citations: View citations in EconPapers (27)
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Related works:
Working Paper: Turnover liquidity and the transmission of monetary policy (2020) 
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2018) 
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2016) 
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2016) 
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DOI: 10.1257/aer.20170045
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