EconPapers    
Economics at your fingertips  
 

Regional and state heterogeneity of monetary shocks in Argentina

Emilio Blanco (), Pedro Elosegui (), Alejandro Izaguirre and Gabriel Montes-Rojas ()

The Journal of Economic Asymmetries, 2019, vol. 20, issue C

Abstract: This paper empirically investigates how economic activity in Argentina at regional and provincial (i.e., state) levels responds to central national monetary policy shocks, as given by a change in the interest rate. Regional heterogeneity of monetary shocks exists in Argentina. At the regional level the long-term effects of increasing the interest rate are negative and statistically significant. At the provincial level, 11 provinces show a negative and significant impact of a shock on the interest rate over employment. However, there are 13 provinces in which the effect is not statistically significant, including the City of Buenos Aires and Buenos Aires Province. Bayesian methods are implemented to study the discrepancies in the impact on different provinces.

Keywords: Monetary policy; Monetary transmission; Regional effects (search for similar items in EconPapers)
JEL-codes: E52 G21 R11 R12 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1703494919300684
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:joecas:v:20:y:2019:i:c:s1703494919300684

DOI: 10.1016/j.jeca.2019.e00129

Access Statistics for this article

The Journal of Economic Asymmetries is currently edited by A.G. Malliaris

More articles in The Journal of Economic Asymmetries from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-07-27
Handle: RePEc:eee:joecas:v:20:y:2019:i:c:s1703494919300684