Turnover liquidity and the transmission of monetary policy

Ricardo Lagos; Shengxing Zhang

doi:10.1257/aer.20170045

Turnover liquidity and the transmission of monetary policy

Ricardo Lagos, Shengxing Zhang

Research output: Contribution to journal › Article › peer-review

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.

Original language	English (US)
Pages (from-to)	1635-1672
Number of pages	38
Journal	American Economic Review
Volume	110
Issue number	6
DOIs	https://doi.org/10.1257/aer.20170045
State	Published - Jun 2020

ASJC Scopus subject areas

Economics and Econometrics

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10.1257/aer.20170045

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title = "Turnover liquidity and the transmission of monetary policy",

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Turnover liquidity and the transmission of monetary policy

Abstract

ASJC Scopus subject areas

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