Interest rate pass-through in the Dominican Republic

Abstract A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary policy rates are quickly and fully reflected in retail rates, to e...

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Bibliographic Details
Main Authors: Francesco Grigoli, José M. Mota
Format: Article
Language:English
Published: Centro de Investigación y Docencia Económicas 2017-04-01
Series:Latin American Economic Review
Subjects:
Online Access:http://link.springer.com/article/10.1007/s40503-017-0041-x