Tor Einarsson (contributor); Marquis, Milton H. (contributor) - 2000 - [Elektronische Ressource]
“liquidity effect”, or a persistent decline
in short-term nominal interest rates, that stimulates real activity. Christiano, et al … only source of working capital finance available to firms. To obtain a
liquidity effect in response to an unanticipated … the information friction that could induce liquidity effects and countercyclicality
in the degree of bank intermediation of …