Égert, Balázs (contributor); … - 2006
size of the pass-through, too. It is generally observed
that during periods of rapid economic growth, it is easier for …) as proposed by Stock
and Watson (1993), which accounts for the potential endogeneity of the monetary policy rate
by … absence of cointegration between policy rates
and long- or even short-term market rates. In addition, the pass-through
has …