Article ID Journal Published Year Pages File Type
5055103 Economic Modelling 2012 10 Pages PDF
Abstract
► Asymmetries in the transmission of changes in the monetary policy to mortgage rate. ► Asymmetries are intermediated by the money market rate. ► Incomplete pass-through from money market rate to mortgage rate. ► Incomplete pass-through of base rate reductions to the mortgage rate. ► Interest rate smoothing enhances the mortgage markets response to policy changes.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A threshold cointegration analysis of interest rate pass-through to UK mortgage rates
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