The pass-through of monetary policy shocks to bank lending and deposit rates
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Date
2023-11-21
Authors
Ζήμου, Βασιλική
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Abstract
In this dissertation we study the pass-though of monetary policy shocks to bank lending and deposit rates through a wide range of variables for Eurozone countries over the period 2003 to 2022. Mainly, the results show that the monetary policy shock affects negative interest rates mainly in the first months. Then businesses and households - non-financial institutions get used to the increase and the influence becomes positive. For our convenience, we used local projections (Jorda, 2005) as Hadulla, Mazelis did in their research.
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Keywords
Monetary policy shocks, Lending rates, Deposit rates