Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange

Format
Book
Language
English
Published/​Created
Ottawa, ON, CA: Bank of Canada, 2020.
Description
1 online resource (46 pages).

Details

Related name
Series
Staff Working Paper [More in this series]
Summary note
'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.
SuDoc no.
FB3-5/2020-48E-PDF
Publisher no.
10105497
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