Jamilov, Rustam; Égert, Balázs - In: Journal of Asian Economics 31-32 (2014), pp. 57-70
This paper analyses the interest rate pass-through for five economies of the Caucasus – Armenia, Azerbaijan, Georgia, Kazakhstan, and Russia. Employing an autoregressive distributed lag (ARDL) specification to monthly data, we find that the interest rate pass-through is systematically...
