Liquidity, Bussiness Cycles and Monetary Policy
We develop a framework for modelling differences in liquidity across assets in order to examine the interactions between asset prices, liquidity premia and aggregate activity. In so doing, we want to find out what role government policy might have through open market operations that change the mix of assets held by the private agents.
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| Length: | 52 |
| Date of creation: | Mar 2004 |
| Date of revision: | |
| Handle: | RePEc:edn:esedps:113 |
| Contact details of provider: | Postal: Phone: +44(0)1316508361 Fax: +44(0)1316504514 Web page: http://www.econ.ed.ac.uk/ More information through EDIRC
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