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Turnover Liquidity and the Transmission of Monetary Policy
American Economic Review ( IF 10.7 ) Pub Date : 2020-06-01 , DOI: 10.1257/aer.20170045
Ricardo Lagos 1 , Shengxing Zhang 2
Affiliation  

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.

中文翻译:

周转流动性与货币政策传导

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。
更新日期:2020-06-01
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