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A study on effects of market systems in an artificial market

New Generation Computing, 2005
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Hidenori Kawamura   +3 more
openaire   +2 more sources

Liquidity effects and market frictions [PDF]

open access: possibleJournal of Macroeconomics, 2001
The goal of this paper is to shed light on the nature of the monetary transmission mechanism. Specifically, we attempt to tackle two problems in standard limited-participation models: (1) the interest rate liquidity effect is not as persistent as in the data; and (2) some nominal variables are unrealistically volatile.
Hendry, Scott, Zhang, Guang-Jia
openaire   +1 more source

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