Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries

Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries
Author :
Publisher : International Monetary Fund
Total Pages : 34
Release :
ISBN-10 : 9798400263613
ISBN-13 :
Rating : 4/5 (13 Downloads)

Book Synopsis Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries by : Robert C. M. Beyer

Download or read book Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries written by Robert C. M. Beyer and published by International Monetary Fund. This book was released on 2024-01-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms, referred to as ‘pass-through’, is an important ingredient of monetary policy transmission to output and prices. Using data on seven different bank interest rates in 30 European countries, different approaches, and the full sample as well as a subsample of euro area countries, we show that a) the pass-through in the post-pandemic hiking cycle has been heterogenous across countries and types of interest rates; b) the pass-through has generally been weaker and slower, except for rates of non-financial corporation loans and time deposits in euro area countries; c) differences in pass-through over time and across countries for most deposit rates are correlated with financial sector concentration, liquidity, and loan opportunities, and d) the effects of pass-through to outstanding mortgage rates on monetary transmission on prices and output are heterogenous across countries.


Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries Related Books

Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries
Language: en
Pages: 34
Authors: Robert C. M. Beyer
Categories: Business & Economics
Type: BOOK - Published: 2024-01-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms, referred to as ‘pass-through’, is a
Inflation Expectations
Language: en
Pages: 402
Authors: Peter J. N. Sinclair
Categories: Business & Economics
Type: BOOK - Published: 2009-12-16 - Publisher: Routledge

DOWNLOAD EBOOK

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t
Monetary Policy Transmission in the Euro Area
Language: en
Pages: 515
Authors: Ignazio Angeloni
Categories: Business & Economics
Type: BOOK - Published: 2003-12-04 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. A
International Dimensions of Monetary Policy
Language: en
Pages: 663
Authors: Jordi Galí
Categories: Business & Economics
Type: BOOK - Published: 2010-03-15 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho
Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries
Language: en
Pages: 74
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2015-10-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial mar