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| Tekijä: | Grilli, V. Roubini, N. |
| Otsikko: | Liquidity models in open economies: Theory and empirical evidence |
| Lehti: | European Economic Review
1996 : APR, VOL. 40:3-5, p. 847-859 |
| Asiasana: | MONETARY POLICY EXCHANGE RATES LIQUIDITY |
| Kieli: | eng |
| Tiivistelmä: | The paper presents an overview of recent empirical and theoretical research on 'liquidity models' in open economies The non-neutrality of money derives from a temporary segmentation btw. goods and asset markets. After surveying the theoretical literature on liquidity models, empirical evidence based on VAR econometric techniques is presented. The presentation includes seven major industrial countries or G-7. |
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