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Transmission of recent monetary policy tightening: fragmented or not?

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  • B. De Backer
  • S. El Joueidi
  • S. Ouerk
  • E. Vincent

Abstract

In light of the recent tightening of monetary policy, concerns regarding the return of transmission and fragmentation issues have resurfaced. What indicators can be used to identify such potential issues? How are the financial and banking markets responding to the recent monetary policy impulses? Are we witnessing an increase in heterogeneity across countries in the euro area?

Suggested Citation

  • B. De Backer & S. El Joueidi & S. Ouerk & E. Vincent, 2023. "Transmission of recent monetary policy tightening: fragmented or not?," Economic Review, National Bank of Belgium, pages 1-30, June.
    • Handle: RePEc:nbb:ecrart:y:2023:m:june3
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