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Working Paper 2006-002A Search | View by Year | View by Category | View by Author | View by JEL Code"Regional VARs and the Channels of Monetary Policy"
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. Full Text - Acrobat PDF (407k) Notify Me of Updates for:
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