de Lucio, Juan J.; Izquierdo, Mario - In: Journal of Economic Studies 29 (2002) 3, pp. 205-221
This paper contrasts the different regional effects of an homogeneous monetary policy, and studies the local … evidence of statistically different regional responses of real variables to monetary policy shocks. We use these estimated … position, as well as the degree of nominal wage indexation, enhance the effect of monetary policy. …