Search Results - subject_exact:"Zinssteuerung"

Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

How do households respond when deposit rates drop below zero? Using administrative micro data and exploiting cross-bank variation in interest rate policies, we study a major episode of negative deposit rates in Denmark affecting two thirds of household deposits. We find that households strongly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654675

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Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

Book / Working Paper

Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens; … - 2026

Book / Working Paper

Higher-order forward guidance

Dordal i Carreras, Marc; Lee, Seung Joo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015578338

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://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, Jonathan; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

Revisiting shadow short-term interest rate models : evidence from the ultra-low interest rate environment in Japan

Oi, Hiroyuki; Shiratsuka, Shigenori; Yoneyama, Shunichi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626416

At cross-purposes : how prudential and monetary rate policies create asymmetric frictions in the banking sector

Widiyanti, Shandra; Siregar, Hermanto; Ratnawati, Anny; … - 2026

Indonesia's financial system is bank-centric, with banks managing approximately 78% of the nation's financial assets; therefore, the effectiveness of monetary policy transmission depends on banks' responsiveness to the central bank's interest rate policy (the BI Rate). However, a policy-relevant...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639037

Salario mínimo, tasa de interés y coyuntura económica nacional

Ortiz, Carlos Humberto - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640314

The liftoff into elusive natural rates policy

Hasui, Kohei; Teranishi, Yuki - 2026 - This draft May 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651041

The causal effect of debt on interest rates

Bhatt, Abhik; Diercks, Anthony M.; Eyal, Benjamin; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653194

Double inertia, Taylor rules, and monetary policy gradualism

Crawley, Edmund; Goodwin, William; Jacobson, Margaret M.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653234

Sensitivity of the Euro OIS term structure to ECB policy rate surprises

Herzel, Stefano; Nicolosi, Marco - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633391

Mind the gap when exiting low-for-long

Hagio, Wataru; Ikeda, Daisuke; Takahashi, Koji; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636976

The impact of banks' interest rate risk on monetary policy transmission

Dursun-de-Neef, Özlem; Er, Tarık Alperen; Yarba, Ibrahim - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015559626

How do interest rate levels affect credit loss rates? : a rule of thumb approach

Fandl, Maximilian; Fišera, Boris; Geršl, Adam; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668256

The impact of interest rate hikes on Egypt's green financing gap

Elbaz, Heba; Elhamalawy, Fatma; Alsersy, Aya; Ahmed, Neveen - 2026

This study aims to empirically analyze the effect of interest rate fluctuations on Egypt's green financing gap. While numerous studies have investigated green finance determinants, no prior research has specifically analyzed the influence of interest rates on the green financing gap.This study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015664253

Transmission of negative interest rates : reversal or amplification?

Schäfer, Jan-Lukas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675770

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://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

The phase-dependent effects of monetary policy : plateau vs cycle

Portier, Rose - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060606

The effects of unconventional monetary policy on the macroeconomy : a UK analysis

Ashwell, Christopher; Vasilev, Aleksandar - 2026

This paper studies the relationship between unconventional monetary policy and the wider macroeconomic variables in the UK. Using VAR and subsequent impulse response analysis, the impact of shocks to bond yields, which are used as a representation of unconventional monetary policy, the impact of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085865

Interest Rate Pass-Through in Cabo Verde

Albuquerque, Bruno - 2026

This paper estimates the interest rate pass-through in Cabo Verde. Using monthly data since 2001, we estimate a limited pass-through of monetary policy to banks’ lending rates: a 1-percentage-point policy rate change leads to a 0.19–0.28 increase in average lending rates and 0.13–0.23 in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087924

How do market expectations react to the FOMC dot plot?

D'Amico, Stefania; King, Thomas B.; Torralba, Francisco - 2026

The public pays close attention to Federal Reserve communications about future monetary policy, but it remains an open question how those communications shape the public's expectations for the path of policy rates. We explore how market expectations adjust to the information provided in the "dot...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085793

The impact of United States interest rates on the South African economy

Baduel, Bénédicte; Ruch, Franz; Steinbach, Rudi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084205

Disagreement at the zero lower bound : the case for forward guidance

Marinkov, Viktor - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016090897

Collateral policy surprises

Hüttl, Pia; Ider, Gökhan; Kaldorf, Matthias - 2026

Central bank collateral policy specifies which assets banks can pledge as collateral to obtain central bank funding and is an important determinant of liquidity in the banking system. We propose a high-frequency identification approach to study the systematic effects of central bank collateral...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633026

Takatoshi Ito : scholarship on Japan's economy transformed

Aoki, Kōsuke; Auerbach, Alan J.; Horioka, Charles; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015547200

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Takatoshi Ito: scholarship on Japan's economy transformed

Aoki, Kōsuke; Auerbach, Alan J.; Horioka, Charles; … - 2025

Book / Working Paper

Takatoshi Ito : scholarship on Japan's economy transformed

Aoki, Kōsuke; Auerbach, Alan J.; Horioka, Charles; … - 2025

Book / Working Paper

Dynamic clustering analysis of US banks amidst the Fed's rate hikes

Zhao, Xinyao; Xu, Yuhong - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633799

The determination of bank interest rate margins : is there a role for macroprudential policy?

Davis, E. Philip; Karim, Dilruba; Noel, Dennison - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015486017

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The determination of bank interest rate margins : is there a role for macroprudential policy?

Davis, E. Philip; Karim, Dilruba; Noel, Dennison - 2024

Book / Working Paper

Banking on Inattention

Lu, Xu; Wu, Lingxuan - 2026

We demonstrate that depositor inattention gives rise to banks' deposit market power. Using transaction-level data on millions of U.S. depositors, we document that unscheduled income remains in low-rate accounts much longer than scheduled income, and interpret this reaction-time gap as...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593857

The signaling effects of tightening and easing monetary policy

Hubert, Paul; Portier, Rose - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655405

Negative rates and bank profit and cost efficiency : evidence for Eurozone

Siameti, Panagiota; Chronopoulos, Dimitris K.; Dotsis, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015323754

Distributional patterns in the US monetary transmission : quantile cointegration evidence

Quineche, Ricardo; Montano, Pierina; Tipo, Royer - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673249

Has the ECB implicitly combined an average inflation targeting regime with an inflation tolerance band?

Mota, Paulo R. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675012

Unconventional monetary policies in small open economies

Kolasa, Marcin; Laséen, Stefan; Lindé, Jesper - 2025

This paper provides a comprehensive assessment of the macroeconomic and fiscal impact of unconventional monetary tools in small open economies. Using a DSGE model, we show that the exchange rate plays a critical role to amplify the favourable impact of unconventional monetary policy while it...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372063

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Unconventional monetary policies in small open economies

Kolasa, Marcin; Laséen, Stefan; Lindé, Jesper - 2025

Book / Working Paper

Predictive power of key financial variables during the unconventional monetary policy era

Kuosmanen, Petri; Vataja, Juuso - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374095

How do central banks control inflation? : a guide for the perplexed

Castillo-Martinez, Laura; Reis, Ricardo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064573

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How do central banks control inflation? : a guide for the perplexed

Castillo-Martinez, Laura; Reis, Ricardo - 2024

Book / Working Paper

How do central banks control inflation? : a guide for the perplexed

Castillo-Martinez, Laura; Reis, Ricardo - 2024

Book / Working Paper

The bank lending channel is back

Spiegel, Mark - 2025 - February 11, 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015210563

The taylor rule : did the fed use discretion instead?

Wickens, Michael R. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640619

Relationship lending and monetary policy pass-through

Cao, Jin; Dubuis, Pierre; Liaudinskas, Karolis - 2025

This paper investigates the link between bank-firm lending relationships and monetary policy pass-through, focusing on episodes of low interest rates. Using administrative tax and bank supervisory data ranging from 1997 to 2019, we track the entirety of bank-firm relationships in Norway. Our...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015271423

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Relationship lending and monetary policy pass-through

Cao, Jin; Dubuis, Pierre; Liaudinskas, Karolis - 2025

Book / Working Paper

Interest rates and monetary policy implications in an ageing economy

Chen, Hongyi; Zhang, Jingyi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330357

The impact of negative interest rate policy on interest rate formation and lending

Haba, Shunsuke; Ito, Yuichiro; Kasai, Yoshiyasu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330615

Monetary policy along the yield curve : why can central banks affect long-term real rates?

Beaudry, Paul; Cavallino, Paolo; Willems, Tim - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330892

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Monetary policy along the yield curve : why can central banks affect long-term real rates?

Beaudry, Paul; Cavallino, Paolo; Willems, Tim - 2025 - This version: April 2025

Edition: This version: April 2025

Book / Working Paper

Cross-country panel analysis justifying tighter control over short-term interest rates

Serdavaa, Batkhurel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015331617

Should the reserve bank cut interest rates?

Borland, Jeff; Dawkins, Peter J.; Garnaut, Ross; Gross, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334828

The zero lower bound on deposit rates, monetary policy and bank insolvency risk

Driussi, Lorenz - 2025 - This version: March, 2025

I develop a banking model with monopolistic competition to analyze the effect of reserve rate policy on bank insolvency risk, when banks are constrained by a zero lower bound on deposit rates. When binding, the lower bound compresses the solvency relevant deposit spread and causes it to be a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337961

Interest rate control and the transmission of monetary policy

Holm-Hadulla, Fédéric; Pool, Sebastiaan - 2025

We study how short-term interest rate volatility affects the transmission of monetary policy. To identify exogenous changes in volatility, we exploit the pronounced heteroskedasticity visible in the time-series of euro area short-term rates over the past two and a half decades. Interacting the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015340281

Playing by the Taylor rules or sticking to Friedman's policy : a new approach to monetary policy identification

Arefeva, Alina; Arefyev, Nikolay - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193342

Macroeconomic effects of monetary policy in Japan : an analysis using interest rate futures surprises

Kubota, Hiroyuki; Shintani, Mototsugu - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193877

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Macroeconomic effects of monetary policy in Japan : an analysis using interest rate futures surprises

Kubota, Hiroyuki; Shintani, Mototsugu - 2023

Book / Working Paper

Monetary policy and real estate asset prices in Morocco

Hammou Ou Ali, Hassnae - 2025

This study investigates the role of housing prices in the Moroccan economy and their response to monetary policy shocks. Using a Structural Vector Autoregression (SVAR) model, we explore the transmission mechanisms of monetary policy through various channels, including interest rates, credit...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015194448

Decline of interest rates under inflation targeting and previous regimes : evidence from Latin America and developed countries

Chión-Chacón, Sergio Julio; Álvarez García, Kevin … - 2025

This study empirically investigates the impact of Inflation Targeting (IT) on nominal interest rates over the past 40 years, focusing on 10 advanced and emerging economies. By using a Binary Regime Model embedded within a Backward-Looking Taylor, our findings confirm that IT adoption has...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359705

Monetary-fiscal forward guidance

Kopiec, Paweł - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359826

ECB Monetary Policy Passthrough to Bank Interest Rates During Tightening : Republic of Kosovo

Ozturk, Ezgi - 2025

This paper analyzes the transmission of ECB policy rate changes to bank interest rates in Kosovo during the 2022-23 tightening cycle. While both lending and deposit rates increased, the passthrough was more limited compared to the euro area and regional peers. Three key factors explain this...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015328109