One for Some or One for All? Taylor Rules and Interregional Heterogeneity

Material TypeArticleLanguageEnglish
TitleOne for Some or One for All? Taylor Rules and Interregional Heterogeneity Author(S)OLIVIER COIBION (Author)
Abstract  We document a novel empirical phenomenon: the U.S. Federal Reserve appears to set interest rates partly in response to regional economic disparities. This result is robust even after controlling for factors such as the central bank's forecasts and a battery of explanatory variables ...Paginationp401–431
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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