The differential regional effects of monetary policy

Article Abstract:

The symmetric effects of monetary policy shocks across regions were investigated using a quarterly structural vector autoregression (VAR) approach. The VAR covers the relative price of energy, the growth rates of real personal income and a monetary policy variable in the eight Bureau of Economic Analysis regions in the US. Empirical results showed that New England, the Southeast, Far West, Plains and Mideast regions exhibit responses to monetary policy shocks that are similar to the national average response, with the Great Lakes being the most sensitive to monetary policy.

Public Finance Activities, Fiscal Policy, Economic development, Monetary policy

---

Habit formation and intertemporal substitution in individual food consumption

Article Abstract:

A mathematical model is used to gauge habit formation in food consumption of the individual consumer. The model is applied to data collected by the University of Michigan Survey Research Center, containing statistics on the income, wealth and food consumption of families monitored over a 19-year period. Results indicate that the habitual food consumption equalled about 50% of total food consumption.

Consumption (Economics), Food consumption, Cost and standard of living, Cost of living

---

Similar abstracts:

• Abstracts: Differential interpretation of information in inflation forecasts. The role of commodity prices in formulating monetary policy
• Abstracts: The employment and wage effects of oil price changes: a sectoral analysis. Estimating the employment effects of wage discrimination
• Abstracts: Alcohol advertising and motor vehicle fatalities. Brand capital and incumbent firms' positions in evolving markets
• Abstracts: Voting behavior and information aggregation in elections with private information. Social distance and social decisions
• Abstracts: Rationalizing policy functions by dynamic optimization. Subjective probability theory with continuous acts

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.