{"id":"https://openalex.org/W4391102183","doi":"https://doi.org/10.2139/ssrn.4607190","title":"The Liquidity State-Dependence of Monetary Policy Transmission","display_name":"The Liquidity State-Dependence of Monetary Policy Transmission","publication_year":2024,"publication_date":"2024-01-01","ids":{"openalex":"https://openalex.org/W4391102183","doi":"https://doi.org/10.2139/ssrn.4607190"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.4607190","doi":"https://doi.org/10.2139/ssrn.4607190","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4607190","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.4607190","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Rodrigo Guimaraes","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Rodrigo Guimaraes","raw_affiliation_strings":["Bank of England","Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England","institution_ids":["https://openalex.org/I46860202"]},{"raw_affiliation_string":"Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","institution_ids":["https://openalex.org/I46860202"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5083786256","display_name":"G\u00e1bor Pint\u00e9r","orcid":"https://orcid.org/0000-0002-7666-196X","observed_orcids":["https://orcid.org/0000-0002-7666-196X"]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Gabor Pinter","raw_affiliation_strings":["Bank of England"],"raw_orcid":"https://orcid.org/0000-0002-7666-196X","affiliations":[{"raw_affiliation_string":"Bank of England","institution_ids":["https://openalex.org/I46860202"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5017912835","display_name":"Jean-Charles Wijnandts","orcid":"https://orcid.org/0000-0002-9548-4559","observed_orcids":["https://orcid.org/0000-0002-9548-4559"]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Jean-Charles Wijnandts","raw_affiliation_strings":["Bank of England","Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom"],"raw_orcid":"https://orcid.org/0000-0002-9548-4559","affiliations":[{"raw_affiliation_string":"Bank of England","institution_ids":["https://openalex.org/I46860202"]},{"raw_affiliation_string":"Bank of England, Threadneedle Street, London, EC2R 8AH, United Kingdom","institution_ids":["https://openalex.org/I46860202"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I46860202"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.004000000189989805,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.9039999842643738},{"id":"https://openalex.org/keywords/government-bond-yields","display_name":"government bond yields","score":0.8709999918937683},{"id":"https://openalex.org/keywords/term-premia","display_name":"term premia","score":0.8050000071525574},{"id":"https://openalex.org/keywords/hedge-funds","display_name":"hedge funds","score":0.6639999747276306},{"id":"https://openalex.org/keywords/dealers","display_name":"dealers","score":0.6060000061988831},{"id":"https://openalex.org/keywords/balance-sheet-constraints","display_name":"balance sheet constraints","score":0.9129999876022339},{"id":"https://openalex.org/keywords/financial-intermediaries","display_name":"financial intermediaries","score":0.8019999861717224},{"id":"https://openalex.org/keywords/market-functioning","display_name":"market functioning","score":0.6060000061988831},{"id":"https://openalex.org/keywords/economic-stabilization","display_name":"economic stabilization","score":0.6949999928474426}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6603187322616577},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6570892333984375},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5696768760681152},{"id":"https://openalex.org/C48103436","wikidata":"https://www.wikidata.org/wiki/Q599031","display_name":"State (computer science)","level":2,"score":0.49858713150024414},{"id":"https://openalex.org/C761482","wikidata":"https://www.wikidata.org/wiki/Q118093","display_name":"Transmission (telecommunications)","level":2,"score":0.48256057500839233},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.460932195186615},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3959091901779175},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3719823956489563},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10914027690887451},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10636588931083679},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.08341920375823975},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2139/ssrn.4607190","doi":"https://doi.org/10.2139/ssrn.4607190","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4607190","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:boe:boeewp:1045","doi":null,"is_oa":false,"landing_page_url":"https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2023/the-liquidity-state-dependence-of-monetary-policy-transmission.pdf","pdf_url":"https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2023/the-liquidity-state-dependence-of-monetary-policy-transmission.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"doi:10.2139/ssrn.4607190","doi":"https://doi.org/10.2139/ssrn.4607190","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4607190","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2307498527","https://openalex.org/W3157104103","https://openalex.org/W4319662508","https://openalex.org/W4391309132","https://openalex.org/W3125344876","https://openalex.org/W7095253748","https://openalex.org/W2888739342","https://openalex.org/W7105987572","https://openalex.org/W4248991527","https://openalex.org/W2972785187"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":5},{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2024-01-23T00:00:00"}
