Interest Rate Pass‐Through and Monetary Transmission: Evidence from Individual Financial Institutions' Retail Rates
Tóm tắt
Từ khóa
Tài liệu tham khảo
Akerlof G., 1985, A near‐rational model of business cycles with wage and price inertia, Quarterly Journal of Economics, 100, 823, 10.1093/qje/100.Supplement.823
Athukorala P., 1994, Exchange rates and strategic pricing in Swedish manufacturing exports, Oxford Bulletin of Economics and Statistic, 57, 529
Blanchard O. J., 1989, Lectures in Macroeconomics
Borio C. E. V., 1995, The response of short‐term bank lending rates to policy rates, a cross-country perspective
Borio C. E. V., 1997, The implementation of monetary policy in industrialised countries, BIS Economic Papers, 47
Carlton D. W., 1986, The rigidity of prices, American Economic Review, 76, 637
Cecchetti S., 1985, Staggered contracts and the frequency of price changes, Quarterly Journal of Economics, 100, 935, 10.1093/qje/100.Supplement.935
Dale S., 1993, Effects of changes in official UK rates on upon market rates since 1987, Manchester School, 61, 76, 10.1111/j.1467-9957.1993.tb01468.x
Dornbusch R., 1987, Exchange rates and prices, American Economic Review
Froot K. A., 1989, Exchange rate pass‐through when market share matters, American Economic Review, 79, 637
Gallagher N., 1997, UK mortgage margins, Bank of England Financial Stability Review, 38
Goodhart C. A. E.(1996).Why do monetary authorities smooth interest rates?LSE FMG Special PaperNo. 81.
Hannan T. H., 1991, The rigidity of prices, American Economic Review, 81, 938
Holly S. Turner P.andWeeks M.(1999).Asymmetric adjustment and bias in cointegrating vectors.University of Sheffield mimeo.
Kahn C. Pennacchi G.andSopranzetti B.(2002).Bank consolidation and consumer loan interest rates.University of Illinois mimeo.
Krugman P. R., 1987, Financial Linkages Among Open Economies
Mann C., 1986, Prices, profit margins and exchange rates, Federal Reserve Bulletin, 72, 366
Paisley J., 1994, A model of building society interest rate setting, Bank of England Working Paper
Sack B.(1998).Does the Fed work gradually? A VAR analysis.Federal Reserve Board of Governors FEDS Working PaperNo. 17.
Svensson L. E. O., 1994, Estimating and interpreting forward interest rates, Sweden 1992–94
Svensson L. E. O., 1995, Estimating forward rates with the extended Nelson and Siegel method, Sveriges Riksbank Quarterly Review, 1995, 3
Thornton D. L., 1999, The Fed's influence on the Federal Funds rate, Is it open market or open mouth operations?