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Macroeconomic Determinants of MIR Rate: Evidence from the Euro area

Dimitris Anastasiou ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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)
Date: 2017-04
New Economics Papers: this item is included in nep-eec, nep-mac and nep-mon
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