Mishra, Prachi; Montiel, Peter; Pedroni, Peter; … - In: Journal of Development Economics 111 (2014) C, pp. 117-131
This paper studies the transmission of monetary shocks to lending rates in a large sample of advanced, emerging, and low-income countries. Transmission is measured by the impulse response of bank lending rates to monetary policy shocks. Long-run restrictions are used to identify such shocks....
