Elias, Laura; Guimarães, Bernardo - In: Economia : journal of the Latin American and Caribbean … 23 (2024) 1, pp. 137-174
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...
