Ridhwan, Masagus M.; Groot, Henri L. F.; Rietveld, Piet; … - In: Growth and Change 45 (2014) 2, pp. 240-262
This paper employs vector autoregressive (VAR) models to measure the impact of monetary policy shocks on regional output in Indonesia. We find substantial cross-regional variation in policy responses in terms of both magnitude as well as timing. Our work adds to the existing literature by...