Turnover liquidity and the transmission of monetary policy

Ricardo Lagos and Shengxing Zhang

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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)
Pages: 38 pages
Date: 2020-06-01
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published in American Economic Review, 1, June, 2020, 110(6), pp. 1635 - 1672. ISSN: 0002-8282

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http://eprints.lse.ac.uk/105095/ Open access version. (application/pdf)

Related works:
Journal Article: 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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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:105095

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