Does Global Liquidity Matter for Monetary Policy in the Euro Area?

Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find that...

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Bibliographische Detailangaben

Hauptverfasser:	Berger, Helge, Harjes, Thomas
Format:	Buch
Sprache:	eng
Schlagworte:	Forecasting Accuracy Global Excess Liquidity Interest Rate Channel Interest Rates Liquidity (Economics)
Online-Zugang:	Volltext
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