Results 1 - 2 of 2 for recession [Author: Lee E. Ohanian]
Theoretical Issues of Liquidity Effects - Review
The authors define the liquidity effect as “the purported statistical relation between expansion of bank reserves or a monetary aggregate and short-run reductions in short-term interest rates.” They then explore the liquidity effect in general equilibrium, representative-agent models.
research.stlouisfed.org/.../publications/review/1995/05/01/theoretical-issues-of-liquidity-effects
Commentary on "Model Fit and Model Selection" - Review
Commentary on "Model Fit and Model Selection" by Narayana Kocherlakota.
research.stlouisfed.org/.../review/2007/07/01/commentary-on-model-fit-and-model-selection
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