货币政策的地方异质性

ERN: Central Banks - Policies (Topic) Pub Date : 2021-02-23 DOI:10.2139/ssrn.3791675

Emil Kordahl

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引用次数: 0

摘要

在本文中，我将探讨货币政策的区域异质性的作用。这将通过州级数据进行调查，同时在具有随机波动率的贝叶斯全球向量自回归模型中将美联储建模为每个州的共同中央银行。将美联储指定为一个共同的中央银行，将允许通过同时对所有州进行联合货币政策冲击来检查各州之间的不对称性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Local Heterogeneity of Monetary Policy

In this article, I will investigate the role of regional heterogeneity of monetary policy. This will be investigated through state-level data while modeling the Federal Reserve as a common central bank for each state in a Bayesian global vector autoregressive model with stochastic volatility. Specifying the Federal Reserve as a common central bank will allow for examining cross-state asymmetries through a joint monetary policy shock to all states simultaneously.

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ERN: Central Banks - Policies (Topic)

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