| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5313 |
| 来源ID | Working Paper 5313 |
| Liquidity Models in Open Economies: Theory and Empirical Evidence | |
| Nouriel Roubini; Vittorio Grilli | |
| 发表日期 | 1995-10-01 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper presents an overview of recent theoretical and empirical research on 'liquidity models' in open economies; this is a class of optimizing models where money has effects on real asset prices and economic activity without relying on the 'ad-hoc' assumption of price/wage stickiness. The non-neutrality of money derives from a temporary segmentation between goods and asset markets. After surveying the theoretical literature on liquidity models, we present empirical evidence based on VAR econometric techniques for the seven major industrial countries. Such evidence is shown to be consistent with the main implications of the liquidity models. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w5313 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562765 |
| 推荐引用方式 GB/T 7714 | Nouriel Roubini,Vittorio Grilli. Liquidity Models in Open Economies: Theory and Empirical Evidence. 1995. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5313.pdf（305KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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