... OLS to estimate the long-term relationship between the official cash rate and the time-deposit rates and various lending rates of New Zealand banks. We use a standard error correction model to estimate the short-term dynamics. Findings The results show that implementing forward guidance improves...

...Jingya Li; Zongyuan Li; Ming-Hua Liu Purpose The authors examine the interest rate pass-through in Hong Kong (HK) and Macao both in the long term and short term. Design/methodology/approach The authors use time series methodology, i.e. unit root, cointegration and error correction models...