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Resolving the Liquidity Puzzle

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Author Info
Serletis, A.
Chwee, V.

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Abstract

This paper considers a nonborrowed monetary base VAR and a target and instrument framework favored by the monetarists to resolve the puzzle thrownup by monetary VAR studies.

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Publisher Info
Paper provided by Calgary - Department of Economics in its series Papers with number 9707.

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Length: 6 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:calgar:9707

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Postal: THE UNIVERSITY OF CALGARY, DEPARTMENT OF ECONOMICS, 2500 UNIVERSITY DRIVE N.W. CALGARY ALBERTA CANADA T2N 1N4.
Phone: (403) 220-5857
Fax: (403) 282-5262
Web page: http://econ.ucalgary.ca/
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Related research
Keywords: MONETARY POLICY ECONOMIC MODELS

Other versions of this item:

Find related papers by JEL classification:
E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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