One Nation Under the Fed? The Asymmetric Effects of U.S. Monetary Policy and Its Implications for the United States as an Optimal Currency Area

Is the United States best served by a single currency? This question is explored in this paper by looking at the regional effects of U.S. monetary policy shocks through the perspective of the Optimal Currency Area framework. Using monthly state-level data for the period 1983:1 to 2008:3, this paper finds that some regions of the United States during this time may have benefited from having their own currency

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Year of publication:	2009
Authors:	Beckworth, David
Publisher:	[2009]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| USA \| United States \| Optimaler Währungsraum \| Optimum currency area \| VAR-Modell \| VAR model

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Extent:	1 Online-Ressource (34 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 30, 2009 erstellt
Other identifiers:	10.2139/ssrn.1439353 [DOI]
Classification:	C32 - Time-Series Models ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; R11 - Regional Economic Activity: Growth, Development, and Changes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013157740