Verheyen, Florian - In: Economics Bulletin 33 (2013) 1, pp. 729-739
This investigation puts the interest rate pass-through mechanism from policy to deposit rates in the EMU under closer … according to our results. Based on fully harmonized data for three EMU countries and the EMU as a whole we disentangle short …-run and long-run asymmetries as well as heterogeneity in the interest rate pass-through mechanism across EMU. Our results …