Research Discussion Paper – RDP 9206 Loan Rate Stickiness: Theory and Evidence

Contents

• Introduction
• Theories of Loan Rate Stickiness
• Tests of Loan Rate Stickiness
• Summary and Conclusions
• Appendix 1: Data
• Appendix 2: Regressions Using the Change in Interest Rates
• References

We are grateful to Adrian Blundell-Wignall, Malcolm Edey, Jerome Fahrer and John Hawkins for helpful comments. Any errors are ours alone. The views expressed herein are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.