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- W3019465701 abstract "This chapter develops a version of the liquidity model which relies on cash-in-advance constraints for both households and firms. Monetary injections are show to raise employment and lower short-term interest rates, at least initially. A quantitative version of the model is developed and we discuss on to simulate the model on the computer. Finally we discuss how we can modify our model to make a role for quantitative easing by the central bank." @default.
- W3019465701 created "2020-05-01" @default.
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- W3019465701 date "2020-04-23" @default.
- W3019465701 modified "2023-09-27" @default.
- W3019465701 title "Liquidity Effects and Interest Rates" @default.
- W3019465701 doi "https://doi.org/10.1093/oso/9780190076030.003.0013" @default.
- W3019465701 hasPublicationYear "2020" @default.
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