Does Global Liquidity Matter for Monetary Policy in the Euro Area? /

Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find that...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Berger, Helge
מחברים אחרים: Harjes, Thomas
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2009.
סדרה:IMF Working Papers; Working Paper ; No. 2009/017
גישה מקוונת:Full text available on IMF