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Short-run dynamics in a search-theoretic model of monetary exchange / by Jonathan Chiu and Miguel Molico.: FB3-5/2020-48E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.893790&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleShort-run dynamics in a search-theoretic model of monetary exchange / by Jonathan Chiu and Miguel Molico.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-48
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: November 18, 2020."
  • Cover title.
  • Includes bibliographical references.
Publishing information
  • Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020.
  • ©2020
Author / Contributor
  • Chiu, Jonathan, author.
Description1 online resource (ii, 43 pages) : charts.
Catalogue number
  • FB3-5/2020-48E-PDF
Subject terms
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