Liquidity and the dynamic pattern of price adjustment : a global view /
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in consumer...
Main Author: | Belke, Ansgar |
---|---|
Other Authors: | Orth, Walter, Setzer, Ralph |
Format: | Book |
Language: | English |
Published: |
Frankfurt am Main :
Deutsche Bundesbank,
2008
|
Series: | Discussion paper (Deutsche Bundesbank). Series 1: economic studies
no. 25/2008 |
Subjects: | |
Online Access: | https://www.econstor.eu/bitstream/10419/27649/1/200825dkp.pdf |
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