Égert, Balázs; Crespo-Cuaresma, Jesus; Reininger, Thomas - William Davidson Institute, University of Michigan - 2006
inflation. In particular, it is crucial to assess whether or not the pass-through from monetary
policy rates to long … banks to pass on changes in the
interest rate to their lending and deposit rates faster. Higher inflation rates also favor …-digit or high inflation environment. By contrast, higher interest rate
volatility (mirroring higher macroeconomic instability …