Floating-rate credit blunts policy transmission – research
Inflation would have reached target sooner if more firms had borrowed at fixed rates, study finds
Policy-makers in the eurozone should pay greater attention to how loans are structured in individual member states, a new study recommends.
The research, published yesterday ( July 14) by the Centre for Economic Policy Research, examines credit register data from the eurozone.
The authors – Fabrizio Core, Filippo De Marco, Tim Eisert and Glenn Schepens – focus on how firms’ borrowing impacts the effectiveness of monetary policy in different member states, where the dominant corporate loan
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