TY - UNPB
T1 - Convergence of pass-through from money market to lending rates in EMU countries
T2 - New evidence
AU - Toolsema-Veldman, Linda
AU - Sturm, J.E.
AU - de Haan, J.
N1 - Relation: http://www.rug.nl/
date_submitted:2002
Rights: Rijksuniversiteit Groningen
PY - 2002
Y1 - 2002
N2 - This paper examines whether the pass-through of monetary policy measures in 6 EMU countries has become more similar over time. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample, notably for the initial response to policy-induced interest rate changes. However, there is some (weak) evidence for convergence of monetary policy transmission.
AB - This paper examines whether the pass-through of monetary policy measures in 6 EMU countries has become more similar over time. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample, notably for the initial response to policy-induced interest rate changes. However, there is some (weak) evidence for convergence of monetary policy transmission.
M3 - Working paper
BT - Convergence of pass-through from money market to lending rates in EMU countries
PB - University of Groningen
CY - Groningen
ER -