One nation under the fed? The asymmetric effects of US monetary policy and its implications for the United States as an optimal currency area

David Beckworth ()

Journal of Macroeconomics, 2010, vol. 32, issue 3, 732-746

Abstract: Is the United States best served by a single currency? This question is explored in this paper by looking at the regional effects of US monetary policy shocks through the perspective of the optimal currency area framework. Using monthly state-level data for the period 1983:1-2008:3, this paper finds that some regions of the United States during this time may have benefited from having their own currency.

Keywords: Optimal; currency; area; Regional; effects; of; monetary; policy; US; monetary; policy; Vector; autoregressions (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0164-0704(09)00091-3
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:32:y:2010:i:3:p:732-746

Access Statistics for this article

Journal of Macroeconomics is currently edited by Douglas McMillin and Theodore Palivos

More articles in Journal of Macroeconomics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().