TURNOVER LIQUIDITY AND THE TRANSMISSION OF MONETARY POLICY

Ricardo Lagos; Shengxing Zhang

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TURNOVER LIQUIDITY AND THE TRANSMISSION OF MONETARY POLICY

机译：周转流动性与货币政策传导

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摘要

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.

机译：我们提供了一种新颖的基于流动性的传导机制的经验证据，货币政策通过该机制影响资产市场，建立了这种机制的模型，并评估了量化理论与证据匹配的能力。

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《Working Paper Series》 |2018年第25106期|a11-55|共56页
作者
Ricardo Lagos; Shengxing Zhang;
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Department of Economics New York University 19 West Fourth Street New York, NY 10014 and NBER;

Department of Economics London School of Economics;

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7. Turnover Liquidity and the Transmission of Monetary Policy [O] . Ricardo Lagos, Shengxing Zhang 2020

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TURNOVER LIQUIDITY AND THE TRANSMISSION OF MONETARY POLICY

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