Interest Rate Pass-Through: Empirical Results for the Euro Area

By G. D. Bondt. 2005

342 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/530ac12906e68aa27fa42acefadc4ee61be7e59d

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Citations in the corpus

Macroeconomic Propagation Under Different Regulatory Regimes: Evidence From an Estimated DSGE Model For the Euro Area (2010, positive): “6There is ample empirical evidence for the existence of a sluggish bank interest rate pass-through in the euro area (see, e.g., Mojon 2001, de Bondt 2005, Sander and Kleimeier 2006, Kok Sørensen and Werner 2006, and Gropp, Kok Sørensen, and Lichtenberger 2007).”
The impact of the sovereign debt crisis on the activity of Italian banks (2014, neutral): “…structure and the appropriate market/monetary policy rate to be included in the various regressions is based on a simple correlation analysis (De Bondt, 2005) and also takes into account the goodness of fit, the statistical significance of the coefficients and the presence of autocorrelation in…”
Term Structure and the Sluggishness of Retail Bank Interest Rates in Euro Area Countries (2005, background): “Short-term interest rates up to three months have responded fully and immediately following a change in the official interest rate approximated by the EONIA, whereas the pass-through of longer maturities was weaker (de Bondt, 2005).”
Credit and Banking in a DSGE Model of the Euro Area (2010, background): “6 area, de Bondt, 2005 and Kok Sørensen and Werner, 2006).”
The Price Puzzle Revisited: Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy Shock? (2009, background): “…take into account the empirical evidence of a sticky and incomplete pass–through from money market rates to short–term loan rates in the euro area (de Bondt, 2005) and incorporate a banking sector that sets the loan rate according to a Calvo–type staggered price setting approach; (ii) instead of…”
Loan Supply Shocks During the Financial Crisis: Evidence for the Euro Area (2012, background): “On the other hand, there is large empirical evidence that a reduction of the central bank’s interest rate is passed–through (albeit only imperfectly) to the loan rate (de Bondt, 2005).”
Credit and Banking in a DSGE model (2009, background): “For a simplified case in which ε is non-stochastic, the linearized version of (13) is”
Impact of bank competition on the interest rate pass-through in the euro area (2013, neutral): “7 Moreover, De Bondt ( 2005 ) argues that stronger competition from other banks and from capital markets has helped to speed up the adjustment of interest rates to changes in market rates by banks in the euro area.”
Housing Finance in the Euro Area (2009, background): “Some papers appear to confi rm a reduced monetary policy effect in the United States due to fi nancial innovations (Dynan et al. (2006), Peek and Wilcox (2006) and Kuttner and Mosser (2002)).”
The Reversal Interest Rate (2018, neutral): “Maudos and Fernandez de Guevara (2004), Saunders and Schumacher (2000), and Drechsler et al. (2017b) offer evidence that imperfect competition affects the pass-through of rates. In fact, Petersen and Rajan (1995), in an influential paper, suggest that a monopolistically competitive banking structure”
Bank Interest Rate Pass-Through in the Euro Area: A Cross Country Comparison (2006, neutral): “18 See de Bondt (2002, 2005); De Graeve, De Jonghe and Vennet (2004) and Sander and Kleimeier (2004ab).”