Macroeconomic Determinants of MIR Rate: Evidence from the Euro area
Dimitris Anastasiou ()
MPRA Paper from University Library of Munich, Germany
The objective of this study is to examine the determinants of MIR rate in the Euro area for the period 2003Q1-2015Q3. By employing Fixed Effects, Random Effects and Dynamic OLS (DOLS) as econometric methodologies, I examine if the MIR rate is affected by the following macroeconomic factors: unemployment rate, inflation rate, GDP growth, political stability index and wages as % to GDP. All of these factors found to exert great significance to MIR rate and thus they have to be taken into consideration when macro-prudential policies are designing.
Keywords: MIR rate; Interest margin; DOLS estimation; Euro area; European Central Bank. (search for similar items in EconPapers)
JEL-codes: C33 C51 E4 E43 E58 G2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:80972
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