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
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Short-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 type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| 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. |
| Description | 1 online resource (ii, 43 pages) : charts. |
| Catalogue number |
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| Subject terms | Monetary policy -- Mathematical models. Transmission mechanism (Monetary policy) |