Series: IMF Working Papers
Author(s): Helge Berger , and Thomas Harjes
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2009
Keywords: Global excess liquidity, interest rate channel, forecasting accuracy, price level, money stock, monetary aggregates,
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our app...