IMF paper observes heterogeneous interest rate pass-through

IMF headquarters in Washington DC

An International Monetary Fund paper, published on Wednesday, finds that sustinable levels of growth and inflation facilitate the pass-through process of monetary policy, while market volatility and excess liquidity in the banking system impede it.

Nikoloz Gigineishvili, the paper's author, investigates the role of structural variables, both macroeconomic and financial market-related, in determining the strength of interest rate pass-through. Gigineishvili says interest rate pass-through has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: