Regional VARs and the channels of monetary policy

Applied Economics Letters

Volumn 16, Issue 12, 2009, Pages 1191-1194

  Owyang, Michael T ^a   Wall, Howard J ^a  

^a FEDERAL RESERVE BANK OF ST LOUIS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; COST; ECONOMIC CONDITIONS; FINANCIAL CRISIS; MONETARY POLICY; REGIONAL ECONOMY;

EID: 70449334420     PISSN: 13504851     EISSN: 14664291     Source Type: Journal    
DOI: 10.1080/13504850701367247     Document Type: Article

References (9)

1. Bernanke, B. and Blinder, A. S. (1988) Credit, money, and aggregate demand, American Economic Review Papers and Proceedings, 78, 435-9.
2. Carlino, G. and DeFina, R. (1998) The differential regional effects of monetary policy, Review of Economics and Statistics, 80, 572-87.
3. Carlino, G. and DeFina, R. (1999) The differential regional effects of monetary policy: evidence from the US states, Journal of Regional Science, 39, 339-58.
4. Christiano, L. J., Eichenbaum, M. and Evans, C. L. (1999) Monetary policy shocks: what have we learned and to what end?, in Handbook of Macroeconomics, Vol. 1A (Eds) J. B. Taylor and M. Woodford, Elsevier, New York, pp. 65-148.
5. Clarida, R., Gali, J. and Gertler, M. (2000) Monetary policy rules and macroeconomic stability: evidence and some theory, Quarterly Journal of Economics, 115, 147-80.
6. Fratantoni, M. and Schuh, S. (2003) Monetary policy, housing, and heterogeneous regional markets, Journal of Money, Credit, and Banking, 35, 557-89.
7. Hoover, K. D. and Perez, S. J. (1994) Post hoc ergo propter once more: an evaluation of 'Does monetary policy matter?' in the spirit of James Tobin, Journal of Monetary Economics, 34, 47-73.
8. Kashyap, A. K. and Stein, J. C. (1995) The impact of monetary policy on bank balance sheets, Carnegie-Rochester Conference Series on Public Policy, 42, 151-95.
9. Owyang, M. T. and Wall, H. J. (2005) Structural breaks and regional disparities in the transmission of monetary policy, Federal Reserve Bank of St. Louis Working Paper No. 2003-008B.