Potts, Todd (contributor); Yerger, David (contributor) - In: New York economic review : journal of the New York … 38 (2007), pp. 3-17
studies investigating variation across U.S. regions in income sensitivity to federal-reserve
policy shocks utilize data … manufacturing was
more (less) important showed more (less) sensitivity to monetary policy shocks in several early
studies. Toal … sensitive to monetary shocks while states in the Rocky Mountains are the
least sensitive.
These early studies used single …