Estimation of the liquidity trap using a panel threshold model. Issue 16 (1st November 2016)
- Record Type:
- Journal Article
- Title:
- Estimation of the liquidity trap using a panel threshold model. Issue 16 (1st November 2016)
- Main Title:
- Estimation of the liquidity trap using a panel threshold model
- Authors:
- Peng, Fangping
Cebula, R. J.
Foley, M.
Zhan, Kai - Abstract:
- ABSTRACT: This empirical study investigates, unlike previous studies, the presence of a liquidity trap using firm-level data. The study focuses on the case of China. A panel threshold model is employed. The empirical estimation reveals that the interest elasticity of money demand declines as the interest rate falls, a finding indicating that China has not been in a liquidity trap.
- Is Part Of:
- Applied economics letters. Volume 23:Issue 16(2016)
- Journal:
- Applied economics letters
- Issue:
- Volume 23:Issue 16(2016)
- Issue Display:
- Volume 23, Issue 16 (2016)
- Year:
- 2016
- Volume:
- 23
- Issue:
- 16
- Issue Sort Value:
- 2016-0023-0016-0000
- Page Start:
- 1134
- Page End:
- 1137
- Publication Date:
- 2016-11-01
- Subjects:
- Liquidity trap -- panel threshold model -- demand for money
E41 -- E31
Economics -- Periodicals
Economics, Mathematical -- Periodicals
330 - Journal URLs:
- http://www.tandfonline.com/toc/rael20/current ↗
http://www.tandfonline.com/ ↗ - DOI:
- 10.1080/13504851.2015.1137544 ↗
- Languages:
- English
- ISSNs:
- 1350-4851
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 1571.972000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 18573.xml