We estimate the monetary policy pass-through to lending rates in Brazil and the United States using the same … methodology and obtain very different results. In the United States, the pass-through tends to be larger than 1:1. In Brazil, we … find a 1:1 pass-through only in the case of non-earmarked credit for corporations and no evidence of transmission for …

interest rate pass-through to bank retail rates following conventional and unconventional monetary policy shocks. The median … estimate of the impulse responses shows a considerably higher pass-through during crisis periods, especially the financial … crisis and the coronavirus pandemic. From mid-2013 to 2015-16, the monetary policy pass-through to the bank lending rate …

In this paper, I study Ukraine's heterogeneous and time-variant pass-through from the money market interest rate to … the invasion, the pass-through diminished for all examined bank products. It is also weaker to deposits in times of … wartime interest rate pass-through for practical monetary policy purposes and contribute to the topic of interactions between …

sharply. An analysis of the interest rate pass-through on individual submarkets in Germany shows that interest rates for …

I document three salient features of the transmission of monetary policy shocks: imperfect pass-through to deposit …-deposit funding supply imperfectly elastic. The model indicates that imperfect pass-through to deposit rates is an important source of …

We study exchange rate pass-through (ERPT), i.e., the impact of exchange rate movements on inflation, focusing on euro … higher backward integration in global value chains decrease pass-through, in line with previous findings in the literature. …