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

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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur:	Berger, Helge
Awduron Eraill:	Harjes, Thomas
Fformat:	Cylchgrawn
Iaith:	English
Cyhoeddwyd:	Washington, D.C. : International Monetary Fund, 2009.
Cyfres:	IMF Working Papers; Working Paper ; No. 2009/017
Mynediad Ar-lein:	Full text available on IMF

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