Does monetary policy have differential regional effects?
AbstractDo monetary policy actions have a uniform national effect? Or do the separate, but interdependent, regions of the country respond differently to changes in policy? In this article, Jerry Carlino and Bob DeFina demonstrate that monetary policy does have differential effects across regions. They also examine three reasons why the effects may differ: regional differences in the mix of interest-sensitive industries, in the ability of banks to alter their balance sheets, and in the mix of large and small borrowers.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Philadelphia in its journal Business Review.
Volume (Year): (1996)
Issue (Month): Mar ()
Other versions of this item:
- Gerald Carlino & Robert DeFina, 1994. "Does monetary policy have differential regional effects?," Working Papers 94-23, Federal Reserve Bank of Philadelphia.
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- Lori L. Taylor & Mine K. Yücel, 1996. "The interest rate sensitivity of Texas industry," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q II, pages 27-33.
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- Igor Esteban Zuccardi Huertas, 2002. "Efectos regionales de la política monetaria en Colombia," DOCUMENTOS DE TRABAJO SOBRE ECONOMÃA REGIONAL 002431, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL.
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