Turnover Liquidity and the Transmission of Monetary Policy

Ricardo Lagos and Shengxing Zhang

No 25106, NBER Working Papers from National Bureau of Economic Research, Inc

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: D83 E52 G12 (search for similar items in EconPapers)
Date: 2018-09
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac and nep-mon
Note: AP EFG ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published as Ricardo Lagos & Shengxing Zhang, 2020. "Turnover Liquidity and the Transmission of Monetary Policy," American Economic Review, vol 110(6), pages 1635-1672.

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Related works:
Journal Article: Turnover Liquidity and the Transmission of Monetary Policy (2020)
Working Paper: Turnover liquidity and the transmission of monetary policy (2020)
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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