Égert, Balázs; Crespo-Cuaresma, Jesus; Reininger, Thomas - William Davidson Institute, University of Michigan - 2006
In this study, we seek to better understand the interest rate pass-through in five Central and Eastern European … countries – the Czech Republic, Hungary, Poland, Slovakia and Slovenia, the CEE-5. Our pass-through estimates for several retail … rates are generally lower than those reported in the literature, given the absence of cointegration between policy rates and …