Fiche du document
- handle: 10670/1.jvoduw
- halshs: halshs-01354597
- doi: 10.1016/j.ecosys.2015.06.001
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.ecosys.2015.06.001
Mots-clés
Interest rate pass-through monetary policy bank interest rates euro area E - Macroeconomics and Monetary Economics/E.E4 - Money and Interest Rates/E.E4.E43 - Interest Rates: Determination, Term Structure, and Effects E - Macroeconomics and Monetary Economics/E.E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit/E.E5.E52 - Monetary Policy G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • MortgagesSujets proches
Interest and usuryCiter ce document
Natalia Andries et al., « Retail bank interest rate pass-through in the euro area: An empirical survey », HAL-SHS : droit et gestion, ID : 10.1016/j.ecosys.2015.06.001
Métriques
Partage / Export
Résumé
This paper surveys the empirical literature on the retail bank interest rate pass-through in the euro area countries. We provide an in-depth discussion of the econometric issues challenging an appropriate assessment of the interest rate pass-through, such as unit root and structural break tests and asymmetry treatment. We offer an overview of the empirical evidence regarding the extent of the short-run and long-run interest rate pass-through and the adjustment dynamics of bank interest rates. We also provide insight into the state of monetary policy transmission more than 15 years after the introduction of the euro, and in the aftermath of the financial and sovereign debt crises.