Owyang, Michael T.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2004
, Business Cycles, and the Behavior of
Small Manufacturing Firms," Quarterly Journal of Economics 109, 309-340.
Hamilton, J … and regions. The Federal Reserve takes little account of spatial business cycle patterns
when it makes monetary policy … decisions, despite large differences in regional business cycle
fluctuations.
1
Although the Fed collects information at the …