This analysis examines aggregation bias in the case of the interest rate pass-through in the Republic of Macedonia. By using bank-level data, the authors investigate whether there are heterogeneities and asymmetries in the size and speed of the adjustment of lending rates to changes in the cost...

This analysis examines aggregation bias in the case of the interest rate pass-through in the Republic of Macedonia. By using bank-level data, the authors investigate whether there are heterogeneities and asymmetries in the size and speed of the adjustment of lending rates to changes in the cost...

This paper investigates the relationship between central bank independence (CBI) and inflation by using two different CBI measures in seventeen transition economies from Central and Eastern Europe from 1990 to 2009. It employs a fixed effects panel data model, which incorporates several control...

This paper provides an empirical analysis of the association between central bank independence (CBI) and inflation for 17 Central and Eastern European economies from 1990 to 2009. We employ a dynamic panel data model estimated with a "system" generalized method of moments, which incorporates...

This analysis examines aggregation bias in the case of the interest rate pass-through in the Republic of Macedonia. By using bank-level data, the authors investigate whether there are heterogeneities and asymmetries in the size and speed of the adjustment of lending rates to changes in the cost...

This paper provides an empirical analysis of the association between central bank independence (CBI) and inflation for 17 Central and Eastern Europe economies from 1990 to 2009. We employ a dynamic panel data model estimated with a “system” GMM, which incorporates several control variables...