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OECD Working Papers / Documents de travail de l'OCDE
OECD Economics Department Working Papers / Documents de travail du Département des Affaires économiques de l’OCDE
No. 654, 01/12/2008, English, 51 pages, doi: 10.1787/230605773237
Monetary Transmission Mechanism in Central and Eastern Europe: Surveying the Surveyable
Balázs Égert1; Ronald MacDonald2
1: OECD, France
2: University of Glasgow, United Kingdom This paper surveys recent advances in empirical studies of the monetary transmission mechanism
(MTM), with special attention to Central and Eastern Europe (CEE). Our results indicate that the strength
of the exchange rate pass-through substantially ... more
Keywords
:
asset prices, Central Europe, credit channel, exchange rate pass-through, interest rate, interest rate pass-through, monetary transmission mechanism
Ce papier vise à synthétiser la littérature empirique portant sur le mécanisme de transmission monétaire, et
tout particulièrement dans les pays d’Europe centrale et orientale (PECO). Cette étude montre que ... plus
Mots-clés
:
canal des prix d’actifs, canal du crédit, canal du taux d’intérêt, canal du taux de change, PECO, transmission monétaire
JEL Classification:
E31 : Macroeconomics and Monetary Economics / Prices, Business Fluctuations, and Cycles / Price Level; Inflation; Deflation E51 : Macroeconomics and Monetary Economics / Monetary Policy, Central Banking, and the Supply of Money and Credit / Money Supply; Credit; Money Multipliers E58 : Macroeconomics and Monetary Economics / Monetary Policy, Central Banking, and the Supply of Money and Credit / Central Banks and Their Policies F31 : International Economics / International Finance / Foreign Exchange O11 : Economic Development, Technological Change, and Growth / Economic Development / Macroeconomic Analyses of Economic Development P20 : Economic Systems / Socialist Systems and Transitional Economies / General  |
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