@article {DrechslerSavovSchnabl2018b, title = {Liquidity, Risk Premia, and the Financial Transmission of Monetary Policy}, journal = {Annual Review of Financial Economics}, volume = {10}, year = {2018}, month = {November}, pages = {309-328}, author = {Itamar Drechsler and Alexi Savov and Philipp Schnabl} }