Regional VARs and the channels of monetary policy
AbstractWe 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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Bibliographic InfoPaper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number 2006-002.
Date of creation: 2006
Date of revision:
Other versions of this item:
- NEP-ALL-2006-02-05 (All new papers)
- NEP-CBA-2006-02-05 (Central Banking)
- NEP-MAC-2006-02-05 (Macroeconomics)
- NEP-MON-2006-02-05 (Monetary Economics)
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