Turnover Liquidity and the Transmission of Monetary Policy

S-Tier
Journal: American Economic Review
Year: 2020
Volume: 110
Issue: 6
Pages: 1635-72

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:aea:aecrev:v:110:y:2020:i:6:p:1635-72
Journal Field
General
Author Count
2
Added to Database
2026-01-25