Differential Regional Effects of Monetary Policy: Evidence from the U.S. States

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (497 download)

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Book Synopsis Differential Regional Effects of Monetary Policy: Evidence from the U.S. States by :

Download or read book Differential Regional Effects of Monetary Policy: Evidence from the U.S. States written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Bank of Philadelphia presents the full text of the March 1998 working paper entitled "The Differential Regional Effects of Monetary Policy: Evidence from the U.S. States," written by Gerald Carlino and Robert DeFina. The text is available in PDF format. This paper examines whether monetary policy has similar effects across U.S. states during the 1958-1992 period, using time-series techniques. The authors find differences in state policy responses.

The Differential Regional Effects of Monetary Policy

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (642 download)

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Book Synopsis The Differential Regional Effects of Monetary Policy by : Gerald A. Carlino

Download or read book The Differential Regional Effects of Monetary Policy written by Gerald A. Carlino and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Does Monetary Policy Have Differential Regional Effects?

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Does Monetary Policy Have Differential Regional Effects? by : Gerald A. Carlino

Download or read book Does Monetary Policy Have Differential Regional Effects? written by Gerald A. Carlino and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Differential Effects of Monetary Policy Shocks on Regional Economic Activity

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ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Differential Effects of Monetary Policy Shocks on Regional Economic Activity by : Gerald A. Carlino

Download or read book The Differential Effects of Monetary Policy Shocks on Regional Economic Activity written by Gerald A. Carlino and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Differential Effects of Monetary Policy Shocks on Regional Economic Activity

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (695 download)

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Book Synopsis The Differential Effects of Monetary Policy Shocks on Regional Economic Activity by : Gerald A. Carlino (Economiste.)

Download or read book The Differential Effects of Monetary Policy Shocks on Regional Economic Activity written by Gerald A. Carlino (Economiste.) and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Differential Effects of Monetary Policy Schocks on Regional Economic Activity

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (933 download)

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Book Synopsis The Differential Effects of Monetary Policy Schocks on Regional Economic Activity by :

Download or read book The Differential Effects of Monetary Policy Schocks on Regional Economic Activity written by and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

통화정책 효과의 지역적 차이 (The Differential Regional Effects of Monetary Policy

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Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis 통화정책 효과의 지역적 차이 (The Differential Regional Effects of Monetary Policy by : Kiho Kim

Download or read book 통화정책 효과의 지역적 차이 (The Differential Regional Effects of Monetary Policy written by Kiho Kim and published by . This book was released on 2015 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: English Abstract: Monetary policy effects are generally perceived to be similar across regions within a country. For this reason monetary authorities have not taken into consideration region-specific information when conducting analyses on policy effects and policy-related decisions. There have been studies on monetary policies and their differential effects on local regions in large areas facilitating great diversity as the U.S. or the EU. One of the main results shows that U.S. monetary policy has differential regional effects across regions and so does EU monetary policy on its member states. For the possibility of regional differences in monetary policy effects since the local self-government system was launched in Korea in 1995, it seems necessary to analyze the effects of monetary policy on the real economy across the local regions. In this paper, we empirically analyze the differential regional impacts of monetary policy on 16 local governments in Korea and examine the factors that have caused such differences.The result from the impulse response analysis of GRDP shows that monetary policy itself has significant effects across the country and that its short-term effect differs across regions. Also, there are significant cross-regional differences in the short run; however, such differences disappear over time. Notably, the regional differences in short-term monetary effects are attributable to the share of interest-sensitive industries, that of small- and medium-sized firms, and interregional linkages.

Regional Influences on U.S. Monetary Policy

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Regional Influences on U.S. Monetary Policy by : Ellen Elizabeth Meade

Download or read book Regional Influences on U.S. Monetary Policy written by Ellen Elizabeth Meade and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

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Publisher : International Monetary Fund
ISBN 13 : 1475505493
Total Pages : 57 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Innocent Bystanders? Monetary Policy and Inequality in the U.S. by : Mr.Olivier Coibion

Download or read book Innocent Bystanders? Monetary Policy and Inequality in the U.S. written by Mr.Olivier Coibion and published by International Monetary Fund. This book was released on 2012-08-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.

Regional Monetary Policy

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Publisher : Psychology Press
ISBN 13 : 9780415327633
Total Pages : 232 pages
Book Rating : 4.3/5 (276 download)

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Book Synopsis Regional Monetary Policy by : Carlos J. Rodríguez Fuentes

Download or read book Regional Monetary Policy written by Carlos J. Rodríguez Fuentes and published by Psychology Press. This book was released on 2006 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rising star of Spanish economics, Carlos Rodriguez Fuentes, has produced a work of impressive clarity which analyses the effects of regional monetary policy - with particular reference to European Monetary Union.

Adjustment and Growth in the European Monetary Union

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Publisher : Cambridge University Press
ISBN 13 : 052144019X
Total Pages : 406 pages
Book Rating : 4.5/5 (214 download)

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Book Synopsis Adjustment and Growth in the European Monetary Union by : Francisco Torres

Download or read book Adjustment and Growth in the European Monetary Union written by Francisco Torres and published by Cambridge University Press. This book was released on 1993-10-21 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU, the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differentiated shocks, region-specific business cycles and excessive industrial concentration and the cases for a two-speed EMU and fiscal federalism.

Bank Leverage and Monetary Policy's Risk-Taking Channel

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Publisher : International Monetary Fund
ISBN 13 : 1484381130
Total Pages : 41 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Bank Leverage and Monetary Policy's Risk-Taking Channel by : Mr.Giovanni Dell'Ariccia

Download or read book Bank Leverage and Monetary Policy's Risk-Taking Channel written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2013-06-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s loan portfolio) is negatively associated with increases in short-term policy interest rates. This relationship is less pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and economic distress. These results contribute to the ongoing debate on the role of monetary policy in financial stability and suggest that monetary policy has a bearing on the riskiness of banks and financial stability more generally.

Monetary Policy Transmission in Emerging Markets and Developing Economies

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Publisher : International Monetary Fund
ISBN 13 : 1513529730
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Monetary Policy Transmission in Emerging Markets and Developing Economies by : Mr.Luis Brandao-Marques

Download or read book Monetary Policy Transmission in Emerging Markets and Developing Economies written by Mr.Luis Brandao-Marques and published by International Monetary Fund. This book was released on 2020-02-21 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.

The Regional Asymmetric Responses to Central Bank's Monetary Policy in Pakistan

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ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Regional Asymmetric Responses to Central Bank's Monetary Policy in Pakistan by : Naseem Faraz

Download or read book The Regional Asymmetric Responses to Central Bank's Monetary Policy in Pakistan written by Naseem Faraz and published by . This book was released on 2017 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Literature on differential impacts of monetary policy across regions discusses several factors which may be responsible for asymmetrical effects of monetary policy. As far as Pakistan is concerned, limited evidence is available for both mechanism and impact of monetary policy. In this study we examine asymmetries in responses of real output of provinces to central bank's monetary policy in Pakistan. We also attempt to explore the potential sources of these asymmetries. The Structural Vector Autoregression (SVAR) model is employed to examine each province's response to unanticipated monetary policy shocks. The generalized impulse response functions from SVAR reveal that monetary policy has varied effects across the provinces. In two regions - Punjab and Sindh - monetary policy shocks cause variations in provincial outputs in similar ways. These responses are also comparable to the response of national output to changes in monetary policy but with considerable differences in magnitudes. While other provinces Khyber Pakhtunkhawa (KPK) and Balochistan show less sensitivity to unanticipated change in monetary policy. The less sensitive regions exhibit dissimilar responses both in timings and magnitudes. These dissimilarities in regional responses draw attention to devise an effective national monetary policy that might consider the cross-provincial differences in responses to central monetary policy in Pakistan.

Proceedings of the Sixth International Conference on Management Science and Engineering Management

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Publisher : Springer Science & Business Media
ISBN 13 : 1447145992
Total Pages : 1030 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Proceedings of the Sixth International Conference on Management Science and Engineering Management by : Jiuping Xu

Download or read book Proceedings of the Sixth International Conference on Management Science and Engineering Management written by Jiuping Xu and published by Springer Science & Business Media. This book was released on 2012-09-27 with total page 1030 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to the proceedings of the Sixth International Conference on Management Science and Engineering Management (ICMSEM2012) held from November 11 to 14, 2012 at Quaid-i-Azam University, Islamabad, Pakistan and supported by Sichuan University (Chengdu, China), Quaid-i-Azam University (Islamabad, Pakistan) and The National Natural Science Foundation of China. The International Conference on Management Science and Engineering Management is the annual conference organized by the International Society of Management Science and Engineering Management. The goals of the Conference are to foster international research collaborations in Management Science and Engineering Management as well as to provide a forum to present current research results. The papers are classified into 8 sections: Computer and Networks, Information Technology, Decision Support System, Industrial Engineering, Supply Chain Management, Project Management, Manufacturing and Ecological Engineering. The key issues of the sixth ICMSEM cover various areas in MSEM, such as Decision Support System, Computational Mathematics, Information Systems, Logistics and Supply Chain Management, Relationship Management, Scheduling and Control, Data Warehousing and Data Mining, Electronic Commerce, Neural Networks, Stochastic models and Simulation, Heuristics Algorithms, Risk Control, and Carbon Credits.

Monetary Policy and Balance Sheets

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Publisher : International Monetary Fund
ISBN 13 : 1484343506
Total Pages : 38 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Monetary Policy and Balance Sheets by : Ms.Deniz Igan

Download or read book Monetary Policy and Balance Sheets written by Ms.Deniz Igan and published by International Monetary Fund. This book was released on 2013-07-03 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded data set, including sectoral balance sheet variables, we show that the balance sheets of various economic agents act as important links in the monetary policy transmission mechanism. Balance sheets of financial intermediaries, such as commercial banks, asset-backed-security issuers and, to a lesser extent, security brokers and dealers, shrink in response to monetary tightening, while money market fund assets grow. The balance sheet effects are comparable in magnitude to the traditional interest rate channel. However, their economic significance in the run-up to the recent financial crisis was small. Large increases in interest rates would have been needed to avert a rapid rise of house prices and an unsustainable expansion of mortgage credit, suggesting an important role for macroprudential policies.

International Bibliography of Economics 1998

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Publisher : Psychology Press
ISBN 13 : 9780415221054
Total Pages : 644 pages
Book Rating : 4.2/5 (21 download)

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Book Synopsis International Bibliography of Economics 1998 by : Compiled by the British Library of Political and Economic Science

Download or read book International Bibliography of Economics 1998 written by Compiled by the British Library of Political and Economic Science and published by Psychology Press. This book was released on 1999-12-16 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned for its international coverage and rigorous selection procedures, this series provides the most comprehensive and scholarly bibliographic service available in the social sciences. Arranged by topic and indexed by author, subject and place-name, each bibliography lists and annotates the most important works published in its field during the year of 1997, including hard-to-locate journal articles. Each volume also includes a complete list of the periodicals consulted.