Does monetary policy have differential regional effects?

Gerald Carlino and Robert H. DeFina

Business Review, 1996, issue Mar, 17-27

Abstract: Do monetary policy actions have a uniform national effect? Or do the separate, but interdependent, regions of the country respond differently to changes in policy? In this article, Jerry Carlino and Bob DeFina demonstrate that monetary policy does have differential effects across regions. They also examine three reasons why the effects may differ: regional differences in the mix of interest-sensitive industries, in the ability of banks to alter their balance sheets, and in the mix of large and small borrowers.

Keywords: Regional economics; Monetary policy (search for similar items in EconPapers)
Date: 1996
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Working Paper: Does monetary policy have differential regional effects? (1994)
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