Economists call this chain of developments the transmission mechanism. My focus here is on the first link in that chain. With a change in the overnight rate, other interest rates along the maturity ...

“In short, the transmission mechanism of monetary policy has been ... As a result, “the economy never slowed down when the Fed raised interest rates,” Slok said. “And now the Fed is ...

We study the two-way relationship between fixed-rate mortgages (FRMs) and monetary policy in a panel of up to 35 countries over the last two decades. The dataset includes quarterly information on the ...

The beleaguered residential property market will be one key transmission mechanism through which the RBA’s interest rate relief will affect the wider economy.

Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the short-term interest rate tends to be followed by a decline in ...

The European Central Bank, led by Christine Lagarde, reduced the three key interest rates by 25 basis points, aiming to stabilize inflation at its two percent medium-term target. While economic growth ...