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Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries

Beyer, Robert - 2024

The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms, referred to as 'pass-through', is an important ingredient of monetary policy transmission to output and prices. Using data on seven different bank interest rates in 30...

Persistent link: https://www.econbiz.de/10015058763

Bank Leverage and Monetary Policy's Risk-Taking Channel : Evidence from the United States

Dell'Ariccia, Giovanni - 2013

's survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank …We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data …

Persistent link: https://www.econbiz.de/10014409426

The Zombie Lending Channel of Monetary Policy

Albuquerque, Bruno - 2023

We uncover a new channel-the zombie lending channel-in the transmission of monetary policy to nonfinancial corporates … monetary conditions around the world by exploiting the international transmission of US monetary policy shocks. We find that … behavior, and laws that allow an efficient resolution of weak firms, may help mitigate zombie lending practices when financial …

Persistent link: https://www.econbiz.de/10015059080

Trade in Low Carbon Technologies: The Role of Climate and Trade Policies

Pienknagura, Samuel - 2024

Curbing carbon emissions to meet the targets set in the Paris Agreement requires the deployment of low carbon technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion through trade. Leveraging a comprehensive database of climate...

Persistent link: https://www.econbiz.de/10015058542

Mitigating Climate Change at the Firm Level: Mind the Laggards

Capelle, Damien - 2023

Using self-reported data on emissions for a global sample of 4,000 large, listed firms, we document large heterogeneity in environmental performance within the same industry and country. Laggards-firms with high emissions relative to the scale of their operations-are larger, operate older...

Persistent link: https://www.econbiz.de/10015058913

Central Bank Exit Strategies Domestic Transmission and International Spillovers

Erceg, Christopher - 2024

We study alternative approaches to the withdrawal of prolonged unconventional monetary stimulus ("exit strategies") by central banks in large, advanced economies. We first show empirically that large-scale asset purchases affect the exchange rate and domestic and foreign term premiums more...

Persistent link: https://www.econbiz.de/10015058544

Monetary Policy Transmission Heterogeneity: Cross-Country Evidence

Deb, Pragyan - 2023

This paper revisits the transmission of monetary policy by constructing a novel dataset of monetary policy shocks for an unbalanced sample of 33 advanced and emerging market economies during the period 1991Q2-2023Q2. Our findings reveal that tightening monetary policy swiftly and negatively...

Persistent link: https://www.econbiz.de/10015059046

Measuring Carbon Emissions of Foreign Direct Investment in Host Economies

Borga, Maria - 2022

This paper presents estimates of the carbon emissions of FDI from capital formation funded by FDI and the production of foreign-controlled firms. The carbon intensity of capital formation financed by FDI has trended down, driven by reductions in the carbon intensity of electricity generation....

Persistent link: https://www.econbiz.de/10015060453

Requirements for Using Interest Rates as an Operating Target for Monetary Policy

Durré, Alain - 2009

This paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the effectiveness of the current monetary policy framework will...

Persistent link: https://www.econbiz.de/10012677487

Role of Interest Rates in Business Cycle Fluctuations in Emerging Market Countries : The Case of Thailand

Tchakarov, Ivan - 2006

Intro -- Contents -- I. INTRODUCTION -- II. INTEREST RATES AND BUSINESS CYCLES -- III. THE GLOBAL ECONOMY MODEL WITH THE FINANCIAL ACCELERATOR -- IV. THE EFFECTS OF A 1 PERCENT U.S. INTEREST RATE HIKE -- V. A REPEAT OF THE GLOBAL BOND MARKET ROUT OF 1994? -- VI. WHAT ROLE FOR MONETARY POLICY? --...

Persistent link: https://www.econbiz.de/10012691077

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