Federal Reserve Bank of Philadelphia
Do states respond differently to changes in monetary policy?
Do the proportion of interest-sensitive industries, the number of small firms, and the concentration of small banks determine how monetary policy influences state economies? In this article, Jerry Carlino and Bob DeFina extend to the state level their earlier study that looked at these factors and their effects on a region's economies. Are the responses the same? Read the results of Carlino and DeFina's study
Cite this item
Gerald A. Carlino & Robert H. DeFina, "Do states respond differently to changes in monetary policy?"
, Federal Reserve Bank of Philadelphia, Business Review, issue Jul, pages 17-27, 1999.
Keywords: Monetary policy ; Regional economics
This item with handle RePEc:fip:fedpbr:y:1999:i:jul:p:17-27
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