Liquidity effects and transactions technologies

Preprint
Publisher Website
Google Scholar
    • preprint
      • Published in RePEc
Abstract
Recently there has been renewed interest in using general equilibrium models to understand the effects of monetary policy on interest rates and real economic activity. This research effort involved the search for models that will account for the liquidity effects--the decrease in short-term interest rates and the increase in output and employment--that are associated with expansionary monetary policy.
All Related Versions

This publication has 0 references indexed in Scilit: