Working Paper
Regional VARs and the channels of monetary policy
Abstract: 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.
https://doi.org/10.20955/wp.2006.002
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/working-papers-federal-reserve-bank-st-louis-9029/regional-vars-channels-monetary-policy-716329
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 2006
Number: 2006-002