Regional VARs and the channels of monetary policy

被引：38

作者：

Owyang, Michael T. ^{[1
]}

Wall, Howard J. ^{[1
]}

机构：

[1] Fed Reserve Bank St Louis, Div Res, St Louis, MO 63166 USA

来源：

APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 12期

关键词：

D O I：

10.1080/13504850701367247

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We find that the magnitudes of the regional effects of monetary policy were considerably dampened during the Volcker-Greenspan era. For this era, regional differences in the depths and total costs of monetary-policy-induced recessions were related to the concentration of the banking sector.

引用

页码：1191 / 1194

页数：4

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