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Do federal reserve bank presidents have a regional bias?

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  • Jung, Alexander
  • Latsos, Sophia

Abstract

This paper examines whether the interest rate preferences of Federal Reserve Bank Presidents are subject to a regional bias. In order to evaluate the regional bias hypothesis, we augment individual Taylor rules for the Federal Reserve Bank Presidents (sample 1989 to 2006) with regional variables and test for their influence on the Presidents JEL Classification: C12, C30, D72, E58

Suggested Citation

  • Jung, Alexander & Latsos, Sophia, 2014. "Do federal reserve bank presidents have a regional bias?," Working Paper Series 1731, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20141731
    Note: 2106626
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    References listed on IDEAS

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    More about this item

    Keywords

    augmented Taylor rule; interest rate preferences; real-time data; regional bias; SUR model;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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