Regional Vars and the Channels of Monetary Policy

We find that the magnitudes of the regional effects of monetary policy were considerably dampened during the Volcker-Greenspan era. Further, regional differences in the depths of monetary-policy-induced recessions are related to the concentration of the banking sector, whereas differences in the total cost of these recessions are related to industry mix

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Year of publication:	[2006]
Authors:	Owyang, Michael
Other Persons:	Wall, Howard J. (contributor)
Publisher:	[2006]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (10 p)
Series:	FRB of St. Louis Working Paper ; No. 2006-002A
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2006 erstellt
Other identifiers:	10.2139/ssrn.874065 [DOI]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; R12 - Size and Spatial Distributions of Regional Economic Activity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012734799