108
Views
17
CrossRef citations to date
0
Altmetric
Original Article

More on the monetary transmission mechanism: mortgage rates and the federal funds rate

Pages 247-257 | Published online: 10 Dec 2014

References

  • Allen, M.T.; Rutherford, R.C.; and Wiley, M.K. "The Relationship Between Mortgage Rates and Capital Market Rates Under Alternative Market Conditions." Journal of Real Estate Finance and Economics, 1999, 19 (3), 211-221.
  • Atesoglu, H.S. "Monetary Transmission-Federal Funds Rate and Prime Rate." Journal of Post Keynesian Economics, Winter 2003-4, 26 (2), 357-362.
  • Atesoglu, H.S. "Monetary Policy and Long-Term Interest Rates." Journal of Post Keynesian Economics, Spring 2005, 27 (3), 533-539.
  • Berger, A.N., and T.H. Hannan. "The Price-Concentration Relationship in Banking." Review of Economics and Statistics, 1989, 71 (2), 291-299.
  • Bohl, M.T., and Siklos, P.L. "The Bundesbank's Inflation Policy and Asymmetric Behavior of the German Term Structure." Review of International Economics, 2004, 12(3), 495-508.
  • Chan, K. "Consistency and Limiting Distribution of the Least Squares Estimator of a Threshold Autoregressive Model." Annals of Statistics, 1993, 21 (2), 520-533.
  • Davidson, P. Financial Markets, Money and Real World. Cheltenham, UK: Edward Elgar, 2002.
  • Dickey, D., and Fuller, W.A. "Distribution of the Estimators for Autoregressive Time Series with a Unit Root." Journal of the American Statistical Association, 1979, 74 (366), 427-431.
  • Enders, W., and Siklos, P. "Cointegration and Threshold Adjustment." Journal of Business & Economic Statistics, 2001, 19 (2), 304-311.
  • Engle, R.F., and Granger, C.W.J. "Co-Integration and Error Correction: Representation, Estimating, and Testing." Econometrica, 1987, 55 (2), 251-276.
  • Frost, D., and Bowden, R. "An Asymmetry Generator for Error-Correction Mechanisms with Application to Bank Mortgage-Rate Dynamics." Journal of Business & Economic Statistics, 1999, 17 (2), 253-263.
  • Hannan, T.H., and Berger, A.N. "The Rigidity of Prices: Evidence from the Banking Industry." American Economic Review, 1991, 81 (4), 938-945.
  • Heffernan, S.A. "Modelling British Interest Rate Adjustment: An Error Correction Approach," Economica, 1997, 64 (254), 211-231.
  • Hofmann, B., and Mizen, P. "Interest Rate Pass-Through and Monetary Transmission: Evidence from Individual Financial Institutions' Retail Rates," Economica, 2004, 71 (1), 99-123.
  • Johansen, S. Likelihood-Based Inference in Cointegrated Vector Autoregressive Models. Oxford: Oxford University Press, 1995.
  • Kwiatkowski, D.; Phillips, P.C.B.; Schmidt, P.; and Shin, Y. "Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root." Journal of Econometrics, 1992, 54 (1-3), 159-178.
  • Lavoie, M. "Horizontalism, Structuralism, Liquidity Preference and the Principle of Increasing Risk." Scottish Journal of Political Economy, 1996, 43 (3), 275-300.
  • Moore, B.J. Horizontals and Verticalists. Cambridge: Cambridge University Press, 1988.
  • Moore, B.J. "Money Supply Endogeneity: Reserve Pricing or Reserve Quantity Setting." Journal of Post Keynesian Economics, Spring 1991, 13 (3), 366-396.
  • Neumark, D., and Sharpe, S. "Market Structure and the Nature of Price Rigidity: Evidence from the Market for Consumer Deposits." Quarterly Journal of Economics, 1992, 107 (2), 657-680.
  • Palley, T.I. "The Endogenous Money Supply: Consensus and Disagreement." Journal of Post Keynesian Economics, Spring 1991, 13(3), 397-403.
  • Perron, P. "Further Evidence on Breaking Trend Functions in Macroeconomic Variables." Journal of Econometrics, 1997, 80 (2), 355-385.
  • Phillips, P.C.B., and Perron, P. "Testing for a Unit Root in Time Series Regression." Biometrika, 1988, 75 (2), 335-346.
  • Pollin, R. "Two Theories of Money Supply Endogeneity: Some Empirical Evidence." Journal of Post Keynesian Economics, Spring 1991, 13 (3), 366-396.
  • Rousseas, S. Post-Keynesian Monetary Economics. Armonk, NY: M.E. Sharpe, 1992.
  • Scholnick, B. "Interest Rate Adjustments in Long-Term Loan and Deposit Markets." Journal of Financial Services Research, 1999, 16 (1), 5-26.
  • Sellon, G.H. "The Changing U.S. Financial System: Some Implications for the Monetary Transmission Mechanism." Federal Reserve Bank of Kansas City Economic Review, 2002, First Quarter), 5-35.
  • Stiglitz, J.E., and Weiss, A. "Credit Rationing in Markets with Imperfect Information." American Economic Review, 1981, 71 (3), 393-410.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.