00000nam 2200000zi 4500 9.893790 CaOODSP 20221107173540 m o d f cr |n||||||||| 201119t20202020oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2020-48E-PDF Chiu, Jonathan, author. Short-run dynamics in a search-theoretic model of monetary exchange / by Jonathan Chiu and Miguel Molico. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 43 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-48 "Last updated: November 18, 2020." Cover title. Includes bibliographical references. "We study the short-run effects of monetary policy in a search-theoretic monetary model in which agents are subject to idiosyncratic liquidity shocks as well as aggregate monetary shocks. Namely, we analyze the role of the endogenous non-degenerate distribution of liquidity, liquidity constraints, and decentralized trade in the transmission and propagation of monetary policy shocks"--Abstract. Monetary policy Mathematical models. Transmission mechanism (Monetary policy) Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2020-48. (CaOODSP)9.806221 PDF 826 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-48-eng.pdf