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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Hristov, Nikolay | en |
dc.contributor.author | Hülsewig, Oliver | en |
dc.contributor.author | Wollmershäuser, Timo | en |
dc.date.accessioned | 2012-10-23 | - |
dc.date.accessioned | 2012-10-26T12:13:39Z | - |
dc.date.available | 2012-10-26T12:13:39Z | - |
dc.date.issued | 2012 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65660 | - |
dc.description.abstract | This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro-area banks to the global financial crisis. We focus on their interest-rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding is that the pass-through from changes in the money market rate to retail bank rates became significantly less complete during the crisis. Model simulations show that this result can be well explained by a significant increase in the frictions that the banks' business is subject to. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3964 | en |
dc.subject.jel | E40 | en |
dc.subject.jel | E43 | en |
dc.subject.jel | E52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Euro Area | en |
dc.subject.keyword | global financial crisis | en |
dc.subject.keyword | interest rate pass-through | en |
dc.subject.keyword | panel vector autoregressive model | en |
dc.subject.keyword | sign restrictions | en |
dc.subject.keyword | structural break | en |
dc.subject.keyword | DSGE model | en |
dc.subject.stw | Interest Rate Pass-Through | en |
dc.subject.stw | Finanzmarktkrise | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Eurozone | en |
dc.title | The interest rate pass-through in the Euro area during the global financial crisis | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 728268841 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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