Interest Rate Pass-Through in Romania and other Central European Economies

 
Author/Editor: Tieman, Alexander F.
 
Publication Date: November 01, 2004
 
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Summary: Interest rate pass-through from policy interest rates to market rates and inflation has been hypothesized to play a lesser role in Romania than in other Central European transition economies. This paper tests this hypothesis and concludes that it cannot be supported by the data. Hence pass-through in Romania is concluded to be in line with that in comparable economies in the region. Moreover, the interest rate pass-through has become more pronounced over time.
 
Series: Working Paper No. 04/211
Subject(s): Monetary policy | Romania | Transition economies | Interest rates | Economic models

Author's Keyword(s): Monetary policy transmission | Interest rate | Romania | Central European Economies
 
English
Publication Date: November 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2112004 Pages: 19
Price:
US$15.00 (Academic Rate:
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