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...

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Detaylı Bibliyografya
Yazar: Berger, Helge
Diğer Yazarlar: Harjes, Thomas
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2009.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2009/017
Online Erişim:Full text available on IMF

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