TY  - SER
AU  - Álvarez,Fernando
AU  - Lippi,Francesco
TI  - Persistent liquidity effects ad long-run money demand
SN  - 19457707
KW  - Disponibilidades monetarias
N1  - Bibliografía : páginas 105-107; The model, 76 ;; Approximate aggregation with segmented markets, 83 ;; Velocity and money growth, 85 ;; Interest rates with segmented markets, 88 ;; A calibration of the model on the US data, 101 ;; Concluding remarks, 104
N2  - We present a monetary model with segmented asset markets that implies a persistent fall in interest rates after a once-for-all increase in liquidity
ER  -