The dynamic effects of U.S. monetary policy on state unemployment

This paper studies the transmission of monetary shocks to state unemployment rates, within a novel structural factor-augmented VAR framework with a time-varying propagation mechanism. We find evidence of large heterogeneity over time in the responses of state unemployment rates to monetary policy sh...

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Bibliographic details
Main Author: Korobilis, Dimitris
Gilmartin, Michelle
Format: Paper
Language: English
Place of publication: 01.12.2010
Related: University Library of Munich, Germany
Data of publication: 2010/12
Series: MPRA Paper
Online Access: available in Bonn?
Database: RePEc IDEAS
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