Working Paper
The liquidity premium in average interest rates
Abstract: This paper studies recent models of the liquidity effect of money on interest rates to determine if a systematic relationship between liquidity shocks and the economy could affect the average real interest rate.
Keywords: Interest rates; Liquidity (Economics);
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: International Finance Discussion Papers
Publication Date: 1992
Number: 432