English, Article edition: Regional VARs and the channels of monetary policy Michael Owyang; Howard Wall

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Regional VARs and the channels of monetary policy
Author
  • Michael Owyang
  • Howard Wall
Physical Description
  • article
Notes
  • 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.
  • RePEc:taf:apeclt:v:16:y:2009:i:12:p:1191-1194
Language
  • English
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