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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.893790&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Short-run dynamics in a search-theoretic model of monetary exchange / by Jonathan Chiu and Miguel Molico. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-48 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: November 18, 2020." Cover title. Includes bibliographical references. |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Auteur / Contributeur | Chiu, Jonathan, author. |
| Description | 1 online resource (ii, 43 pages) : charts. |
| Numéro de catalogue |
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| Descripteurs | Monetary policy -- Mathematical models. Transmission mechanism (Monetary policy) |