This paper empirically examines the interest rate pass‐through at the euro area level. The
focus is on the pass‐through of official interest rates, approximated by the overnight interest …

… Gabe J. de Bondt 2000 All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical …

The article provides a survey of one of the most important elements of financial structure,
namely credit to firms and households, by means of five distinguished theoretical issues. It is …

Over the last two decades, the process of monetary policy transmission has been a hot topic
in the literature. Especially the issue whether credit channels of monetary policy exist has …

This study aims at assessing empirically the determinants of changes in risk-weighted bank
capital ratios in the 1990s in Germany, France, Italy, the Netherlands, the UK and the US. …

The work provides an economic analysis of the monetary transmission mechanism in Europe.
The author reviews the literature on the money and credit view before describing cross-…

This article empirically models China's stock prices using conventional fundamentals: corporate
earnings, risk-free interest rate and a proxy for equity risk premium. It uses the estimated …

Objectives The literature typically undervalues the economy‐wide importance of confidence,
despite a renewed interest since the recent financial crisis in considering also …

In this article, the author presents a simple stock price model for major country economies.
The model assumes a long-run fair stock market value and short-run deviations from fair value…

Real-time evidence for the euro area shows that a tracker for real GDP growth using only the
Purchasing Managers’ Index (PMI) composite output is of similar accuracy for the final GDP …