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dc.contributor.authorApergis, Nicholas*
dc.contributor.authorCooray, Arusha*
dc.date.accessioned2019-01-26T14:06:14Z
dc.date.available2019-01-26T14:06:14Z
dc.date.issued2015-05-09
dc.identifier.citationApergis, N., and Cooray, A. (2015) 'Asymmetric interest rate pass-through in the U.S., the U.K. and Australia: New evidence from selected individual banks', Journal of Macroeconomics, 45, pp.155-172.en_US
dc.identifier.issn0164-0704
dc.identifier.doi10.1016/j.jmacro.2015.04.010
dc.identifier.urihttp://hdl.handle.net/10545/623386
dc.description.abstractThis paper provides new evidence on asymmetric interest rate pass-through in the U.S., the U.K. and the Australian economies by using the Nonlinear Auto-Regressive Distributed Lag model, central bank interest rates, lending and deposit interest rates from selected banks, spanning the period 2000–2013. The results provide evidence that corroborates the asymmetric pass-through market predictions. Robustness tests are also performed by splitting the sample period into that prior to and after the recent financial crisis. The new findings document that the asymmetric character of pass-through remains active only in the case of Australia.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S016407041500052Xen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectInterest rate pass-throughen_US
dc.subjectAsymmetriesen_US
dc.subjectBanksen_US
dc.subjectU.S., U.K., Australiaen_US
dc.titleAsymmetric interest rate pass-through in the U.S., the U.K. and Australia: New evidence from selected individual banks.en_US
dc.typeArticleen_US
dc.contributor.departmentCurtin Universityen_US
dc.contributor.departmentUniversity of Nottingham Malaysiaen_US
dc.identifier.journalJournal of Macroeconomicsen_US
dcterms.dateAccepted2015-04-21


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