Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

Matthew Canzoneri, Robert E. Cumby, Behzad Diba, David Lopez-Salido

NBER Working Paper No. 14244
Issued in August 2008

---- Acknowledgements ----

We would like to thank Aleksander Berentsen, Dale Henderson, Steve Meyer, conference participants, seminar participants at the Bundesbank, and an anonymous referee for their helpful comments; however, the usual disclaimer applies. The opinions expressed here are solely those of the authors and do not necessarily reflect the views of the Board of Governors, nor of anyone else associated with the Federal Reserve System, nor of the National Bureau of Economic Research.

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