Liquidity effects in non Ricardian economies

Jean-Pascal Benassy

PSE Working Papers from HAL

Abstract: It has often been found difficult to generate a liquidity effect (i.e. a negative effect of monetary injections on the nominal interest rate) in the traditional "Ricardian" stochastic dynamic model with a single infinitely lived household. We show that moving to a non Ricardian environment where new agents enter the economy in each period allows to generate such a liquidity effect.

Keywords: liquidity effect; non Ricardian economies; effet de liquidité; économies non Ricardiennes (search for similar items in EconPapers)
Date: 2005-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00590563v1
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Related works:
Journal Article: Liquidity Effects in Non‐Ricardian Economies (2006)
Working Paper: Liquidity effects in non-Ricardian economies (2006)
Working Paper: Liquidity effects in non Ricardian economies (2005)
Working Paper: Liquidity Effects in non-Ricardian Economies (2004)
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