Search Results - subject_exact:"Interest rate"

Macroeconomic determinants and green assets in explaining stock return dynamics : evidence from Indonesia

Nurdina, Nurdina; Nurkholis, Nurkholis; Adib, Noval; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620137

Impact of macro-economic factors on CEO compensation : evidence from JSE-listed banks

Marozva, Rudo Rachel; Maloa, Frans - 2026

The debate over CEO compensation persists despite extensive efforts by academics and technocrats to understand its determinants. Most research has focused on how firm-specific characteristics and CEO-specific traits influence CEO compensation. However, the results have been contradictory,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626013

Fiscal demographic reversal

Miyamoto, Hiroaki; Shinohara, Hiroaki - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638665

Interest rate policy and the assets and financial results of central banks in selected European Union member states

Misztal, Piotr - 2025

In reaction to the 2008 global financial crisis, central banks made large-scale asset acquisitions using their reserves. This unusual monetary strategy has persisted throughout the pandemic, and in certain cases beyond 2022. By then, central bank balance sheets had grown by up to tenfold. Then,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458696

The overstated effects of conventional monetary policy on output and prices

Enzinger, Matthias; Gechert, Sebastian; Heimberger, Philipp - 2025

We build a dataset of output and price effects of conventional monetary policy containing 146,463 point estimates and confidence bands from 4,871 impulse-response functions in 409 primary studies. Simple average responses suggest that interest rate hikes substantially dampen output and prices....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462516

Bubble mitigation policies: counterfactual analysis and treatment effect inference

Chen, Ye; Phillips, Peter C. B.; Shi, Shuping - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417473

An integrated risk management methodology for deposits and loans

Hackworth, Gregory R.; Tian, Weidong; Vandenberg, Michael R. - 2025

This paper presents an integrated risk management methodology for measuring and managing the economics, risks, and financial resources/constraints related to deposits and loans in a commercial bank. Within a comprehensive and integrated framework, we develop valuation and risk models for all...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358910

Financial policies and corporate income tax administration in Nigeria

Omodero, Cordelia Onyinyechi; Yado, Joy Limaro - 2025

Corporate taxation assumes a pivotal role in all economies, as it constitutes a substantial source of revenue for governmental agencies tasked with fulfilling social obligations. Nonetheless, modifications in financial policies and the unpredictability of macroeconomic factors result in a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436970

A note on keynesian models used in standard textbooks

Seitz, Franz - 2025

This article shows that there is a methodological problem in the traditional IS-LM model. If production cannot be sufficiently adjusted downwards, there is no uniform interest rate that simultaneously clears the money and goods markets. An extension of the credit market in the tradition of the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475208

Unveiling the dynamics : exploring the relationship between emerging stock market prices and macroeconomic factors through ardl analysis

Gümüş, Nihat; Baba, Murtala Mustapha - 2024

Using a panel ARDL model, this study examines the relationship between stock prices and prices in other marketplaces. Examining data for 19 emerging market nations from January 2004 to December 2022, the study investigates how gold prices, interest rates, exchange rates, and inflation affect...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375477

Relationship among macroeconomic factors and stock prices : cointegration approach from the Indian stock market

Keswani, Sarika; Puri, Veerma; Jha, Rimjhim - 2024

The performance of a stock market is intrinsically linked to the broader financial and economic landscape of a country. Stock prices, as integral indicators, not only mirror the financial health and collective economic circumstances of a nation but also serve as crucial barometers of tangible...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375604

Driving forces of the consumer price index during the crises in the Eurozone : heterogeneous panel approach

Pejčić, Jovica; Glavaški, Olgica; Beljić, Marina - 2024

This paper examines key driving forces of inflationary pressures, taking into account supply and demand side determinants and actions of policy makers, during the pandemic and geopolitical crises in the Eurozone. Using heterogeneous nonstationary macro-panel models, especially the Mean Group...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015198319

Consumer debt and poverty : the default risk gap

Bertoletti, Lucía; Borraz, Fernando; Sanroman, Graciela - 2024

This paper examines the disparity in default risk between vulnerable and non-vulnerable populations in consumer lending. We merge an exhaustive registry of loans granted in the financial system with microdata on vulnerable individuals applying for social programs. We estimate the sources of this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014557435

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Consumer debt and poverty: the default risk gap

Bertoletti, Lucía; Borraz, Fernando; Sanroman, Graciela - 2024

Book / Working Paper

Did the Bank of England's quantitative easing programme become fiscally wasteful?

Bleaney, Michael F. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015100993

An econometric analysis of inflation, exchange rate, and interest rate on stock market performance in South Africa

Trecy, Maake; Donald, Semosa; Kanayo, Ogujiuba; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015101838

Taylor rule and shadow rates : theory and empirical analysis

Lupiani, Camilla - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014482859

The dynamic linkages among gold prices, stock prices, the exchange rate and interest rate in South Africa

Ndlovu, Thabang; Ndlovu, Nozibusiso Mavuso - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014486916

Bond indices maturities and changing macroeconomic conditions : evidence from South Africa

Moodley, Fabian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014486924

How do interest rates effect consumption in the UK?

O'Donnell, Matthew; Vasilev, Aleksandar - 2024

This chapter analyses the link between interest rates and consumption in the UK and will allow better understanding of the relationship between these two variables, as this is extremely important to the Bank of England and the monetary policy that it adopts. Analysis of the empirical evidence...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014519394

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2024

Combining euro-area credit register and carbon emission data, we provide evidence of a climate risk-taking channel in banks' lending policies. Banks charge higher interest rates to firms featuring greater carbon emissions, and lower rates to firms committing to lower emissions, controlling for...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015160646

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Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2023

Book / Working Paper

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2023

Book / Working Paper

Climate risk, bank lending and monetary policy

Altavilla, Carlo; Boucinha, Miguel; Pagano, Marco; … - 2023

Book / Working Paper

Reforming the Dutch pension system to ensure sustainability

Westerhout, Ed W. M. T.; Ponds, Eduard; Zwaneveld, Peter J. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015167040

Impact of sovereign debt maturity on fiscal sustainability

Afonso, António; Alves, José; Matvejevs, Oļegs; … - 2024

In addition to the significant increase in the public debt ratio over the last decades, another major change has been the substantial increase in the maturity of sovereign borrowing. This study is the first to investigate the impact of the term structure of public debt on fiscal sustainability....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015125552

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Impact of sovereign debt maturity on fiscal sustainability

Afonso, António; Alves, José; Matvejevs, Ol̨egs; … - 2024

Book / Working Paper

Optimal monetary policy framework in an emerging market economy under sanctions pressure and restrictions on capital flows

Kharitonchik, Anatoly - 2024

The study evaluates the effectiveness of monetary policy regimes that can serve as the basis for economic policy strategies in emerging economies. Based on the macroeconomic gap model for Belarus, simulations of the strong shock impact on the economy using different monetary policy regimes have...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015415373

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Optimal monetary policy framework in an emerging market economy under sanctions pressure and restrictions on capital flows

Kharitonchik, Anatoly - 2024

Article

Demand for consumer loans in Russia : how strong is the interest rate channel of monetary policy?

Sinyakov, Andrey A.; Shelovanova, Tatyana I. - 2024

The booming retail trade and the above-target consumer prices inflation in 2023-2024 in Russia, amid tightening monetary policy stance, raise an issue of the strength of the monetary policy interest rate channel. The focus of our paper is the interest rate elasticity (given inflation...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396375

The impact of interest rate ceilings on the Cambodian microfinance sector

Samreth, Sovannroeun; Aiba, Daiju - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625107

Do monetary policy shocks affect CO₂ emissions? : evidence from Brazil

Attílio, Luccas Assis; Faria, João Ricardo; Mollick, … - 2026

This paper examines whether monetary policy shocks affect CO₂ emissions over time in Brazil. We show that CO₂ emissions decline persistently following contractionary monetary policy shocks. The relationship between monetary policy and CO₂ emissions in Brazil is assessed through two...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626015

Monetary policy and interest rate volatility : the role of inequality and imperfect credit market

Marjit, Sugata; Mishra, Suryaprakash; Mandal, Sanghita; … - 2026

Inequality of wealth or liquid finance in a system with credit market imperfection adversely affects investment by poor investors. This is well known in the literature. In this paper we prove that the aggregate credit demand function would be relatively inelastic with unequal wealth distribution...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626636

Monetary policy and energy installation : implications for the European green transition

Serebriakova, Alexandra; Polzin, Friedemann; Sanders, Mark - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015632660

Different no more : country spreads in advanced and emerging economies

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2026

Interest rate spreads vary widely across time and countries and are a central driver of business cycles in emerging market economies (EMEs). Since 2008, advanced market economies (AMEs) have exhibited persistently higher and more volatile spreads, alongside increased macroeconomic volatility and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633716

The impact of interest : firms' investment sensitivity to interest rates

Best, Lea; Born, Benjamin; Menkhoff, Manuel - 2026

We study how firms' investment responds to interest rate changes based on a German firm survey, combining hypothetical vignettes, open-ended questions, and rich firm data. We estimate a 7 percent semi-elasticity of investment to loan rates-about half the total corporate investment response to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614905

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The impact of interest : firms' investment sensitivity to interest rates

Best, Lea; Born, Benjamin; Menkhoff, Manuel - 2025

Book / Working Paper

The impact of interest : firms' investment sensitivity to interest rates

Best, Lea; Born, Benjamin; Menkhoff, Manuel - 2025

Book / Working Paper

Beyond the bubble : empirical evidence on asset pricing under persistent low interest rates

Shimizu, Chihiro - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617260

When long-run trends are unknown : bond pricing implications

Ahonon, Borel; Roussellet, Guillaume - 2026

We propose a macro-finance model in which inflation, growth, and the policy rate are driven by unobservable long-run trends and transitory cycles that investors must infer from aggregate data. Their subjective estimates of these trends, and the uncertainty surrounding them, are priced into the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618078

When the tide goes out : the effect of QE on the structure of the financial system

Kotronis, Stelios; Leombroni, Matteo; Rogers, Ciaran; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635532

Inflation persistence, the stability of money demand, and the natural rate of interest

Benati, Luca - 2026

Evidence since the XIX century shows that whereas the demand for M1 is uniformly stable (Benati, Lucas, Nicolini, and Weber, 2021), the demand for broader aggregates is stable under monetary regimes making inflation strongly mean-reverting-such as the Gold Standard and inflation-targeting-but it...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604527

Interest rate surprises when the Fed doesn't speak

Miranda-Agrippino, Silvia; Williams, John C. - 2026

The predictability of monetary policy surprises based on past, public information has been interpreted in two related yet fundamentally different ways. The "Fed information effect" posits that it arises due to markets updating their view of the economy, based on signals implicitly revealed by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604652

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Interest rate surprises when the Fed doesn't speak

Miranda-Agrippino, Silvia; Williams, John C. - 2026

Book / Working Paper

How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606982

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How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

Pricing risk or rationing credit? : bank behaviour in a tightening monetary cycle

Volk, Matjaž - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608987

Automation under constraints : exchange rates interest rates and investment

Ayyagari, Meghana; Maksimovic, Vojislav; Rodrigo, Rodimiro - 2026

The yen depreciation from 2012-2015 reduced robot prices for U.S. firms. Paradoxically, financially constrained firms dramatically increased adoption relative to their unconstrained peers. We rationalize this with a collateral model: robots are pledgeable assets requiring non-pledgeable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609860

Explaining contract heterogeneity in the credit card market

Chatterjee, Satyajit; Eyigungor, Burcu - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609891

Monetary-fiscal coordination in South Africa : aligning the stars

Havemann, Roy; Hollander, Hylton - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611665

Do monetary policy shocks affect the neutral rate of interest?

Leiva-Leon, Danilo; Sekkel, Rodrigo; Uzeda, Luiz - 2026 - Last updated: March 4, 2026

We develop a Trend-Cycle Bayesian VAR that jointly estimates the real neutral rate of interest, r∗t , and identifies monetary policy shocks. A key innovation is that cyclical shocks, notably monetary policy shocks, can affect the trend of macroeconomic variables, providing a way to assess...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611758

Estimating the natural real interest rate in Lithuania : a semi-structural approach

Budrys, Žymantas; Krotovaitė, Giedrė - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015589892

What explains international interest rate co-movement?

Camehl, Annika; Schweinitz, Gregor von - 2026 - This version: January 28, 2026

The international co-movement of interest rates reflects correlated business-cycle fluctuations, largely driven by demand shocks. Monetary policy in advanced economies follows domestic mandates - inflation and the output gap - and does not respond to foreign policy shocks. We derive this result...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590245

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What explains international interest rate co-movement?

Camehl, Annika; Schweinitz, Gregor von - 2023 - This version: September 4, 2023

Edition: This version: September 4, 2023

Book / Working Paper

Estimating ultra long-term interest rates with raise regression

Rodríguez-Sánchez, Ainara; Zhang, Hairui; De Ceuster, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591651

The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618989

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The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

The response of debtors to rate changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

The Response of Debtors to Rate Changes

Fuster, Andreas; Gianinazzi, Virginia; Hackethal, Andreas; … - 2026

Book / Working Paper

Measuring natural interest rate in Morocco

Lazzarou, Chaimae - 2026

This paper estimates Morocco's natural interest rate (NIR) using two approaches: a standard HLW-type framework and an augmented specification that incorporates external factors, namely imported inflation, and movements in the real effective exchange rate. The results point to a downward trend in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592494