The Liquidity Effect: Identifying Permanent and Transitory Components of Money Growth

William Crowder

Macroeconomics from University Library of Munich, Germany

Abstract: One strand of the recent literature on the monetary transmission process has focued upon the weak empirical evidence of a liquidity effect in the U.S. This study uses structural VAR methods to reexamine the liquidity effect.

Keywords: liquidity effect; cointegration; structural VAR (search for similar items in EconPapers)
JEL-codes: C32 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1997-02-04, Revised 1997-02-25
Note: Type of Document - PostScript; prepared on IBM PC / Windows 95; to print on HP Laserjet; pages: 31
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:9702001

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