Turnover Liquidity and the Transmission of Monetary Policy

Ricardo Lagos and Shengxing Zhang

No 734, Working Papers from Federal Reserve Bank of Minneapolis

Abstract: We provide empirical evidence of a novel liquidity-based transmission mechanism through which monetary policy influences asset markets, develop a model of this mechanism, and assess the ability of the quantitative theory to match the evidence.

Keywords: Asset prices; Liquidity; Monetary policy; Monetary transmission (search for similar items in EconPapers)
JEL-codes: D83 E52 G12 (search for similar items in EconPapers)
Pages: 94 pages
Date: 2016-05-03
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac, nep-mon and nep-pke
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Related works:
Journal Article: Turnover Liquidity and the Transmission of Monetary Policy (2020)
Working Paper: Turnover liquidity and the transmission of monetary policy (2020)
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2018)
Working Paper: Turnover Liquidity and the Transmission of Monetary Policy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmwp:734

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