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...
|Place of publication:||
University Library of Munich, Germany
|Data of publication:||2010/12|
|Online Access:||available in Bonn?|
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