The DOI matches its Crossref record; 182 of the 182 references it cites were found in a registry or an index.
Liquidity: A New Monetarist Perspective
Abstract
This essay surveys the new monetarist approach to liquidity. Work in this literature strives for empirical and policy relevance, plus rigorous foundations. Questions include: What is liquidity? Is money essential in achieving desirable outcomes? Which objects can or should serve in this capacity? When can asset prices differ from fundamentals? What are the functions of commitment and collateral in credit markets? How does money interact with credit and intermediation? What can and should monetary policy do? The research summarized emphasizes the micro structure of frictional transactions, and studies how institutions like monetary exchange, credit arrangements, or intermediation facilitate the exchange process. (JEL E24, E31, E42, E44, E52, G10, G21)
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Cites
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
The General Theory of Employment, Interest and Money.
Schumpeter, J. A., & Keynes, J. M. (1936) · Journal of the American Statistical Association · doi:10.2307/2278703 · Cited by 14,485
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Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476 · cited 10×
“Douglas W. Diamond (1984) “Financial Intermediation and Delegated Monitoring,” Review of Economic Studies 51, 393-414.”
BackgroundMethodInfluentialEconometric policy evaluation: A critique
Lucas, R. E. (1976) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/s0167-2231(76)80003-6 · Cited by 6,110
College Admissions and the Stability of Marriage
Gale, D., & Shapley, L. S. (1962) · The American Mathematical Monthly · doi:10.1080/00029890.1962.11989827 · Cited by 5,985
Mehra, R., & Prescott, E. C. (1985) · Journal of Monetary Economics · doi:10.1016/0304-3932(85)90061-3 · Cited by 5,535
INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY
Woodford, M., & WALSH, C. E. (2005) · Macroeconomic Dynamics · doi:10.1017/s1365100505040253 · Cited by 5,508
Asset Prices in an Exchange Economy
Lucas, R. E. (1978) · Econometrica · doi:10.2307/1913837 · Cited by 5,014
Metadata
- Authors
- Lagos, R., Rocheteau, G., & Wright, R.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2017-06-01
- Volume
- 55
- Issue
- 2
- Pages
- 371-440
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2550996585
- Cited by
- 267
- References
- 182
- FWCI
- 45.41
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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