Ridhwan, Masagus M.; de Groot, Henri L.F.; Rietveld, Piet; … - 2011
This paper employs Vector Autoregression (VAR) models to measure the impact of monetary policy shocks on regional … country. The results support previous findings that the differential regional effects of monetary policy are significantly … rate channel of monetary policy. We also find that firm-size contributes to the differences, providing evidence for the …