The Local Effects of Monetary Policy

Many studies have documented disparities in the regional responses to monetary policy shocks. However, because of computational issues, the literature has often neglected the richest level of disaggregation: the city. In this paper, we estimate the city-level responses to monetary policy shocks in a...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The B.E. journal of macroeconomics 2012-03, Vol.12 (2), p.1-36
Hauptverfasser:	Francis, Neville, Owyang, Michael T., Sekhposyan, Tatevik
Format:	Artikel
Sprache:	eng
Schlagworte:	Bayesian analysis Bayesian structural vector auto regression Business cycles Cities Economic models Inflation Interest rates Markov Chain Monte Carlo Model Composition Monetary policy Monetary policy channels Neoklassische Synthese Produktivität Schock Studies Taylor-Regel Theorie
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!