-varying propagation of inflationary shocks that improves forecasting performance of inflation and wage growth. Central bank credibility is …

European Central Bank (ECB) exerts substantial influence on interest rate swap yields, primarily through the effect of its … additional credence to John Maynard Keynes's hypothesis concerning the ability of a central bank to influence long-term market …

-dollarized economies (Chile, Colombia, and Mexico). We find, first, that domestic bank interest rates are not perfectly responsive to U … dollarized economies than in non-dollarized economies. Third, however, bank loan rates are at least as responsive to U … and non-dollarized economies in the response of domestic bank interest rates to U.S. rates. This suggests fears of …