Wei Cui

Author

Staff research

Endogenous Liquidity and Capital Reallocation

Staff working paper 2022-27 Wei Cui, Randall Wright, Yu Zhu
We study economies where firms acquire capital in primary markets then retrade it in secondary markets after information on idiosyncratic productivity arrives. Our secondary markets incorporate bilateral trade with search, bargaining and liquidity frictions.
Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Monetary policy JEL Code(s): E, E2, E22, E4, E44 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission

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