This paper investigates the relationship between institutional quality and economic performance the 32 Mexican states over the period 2003 -- 2010. Using dynamic panel GMM estimation and the Fraser Institutes index of economic freedom, I find that freedom has an ambiguous impact on economic...

Monetary policy has differential effects throughout the United States. When setting monetary policy, central banks must consider how national and regional economic goals are being achieved. In this study, the methods and evidence are focused on using structural VAR analysis, assuming that the...

Studies of the relationship between national in ation rates and the output gap, as formalized in the New Keynesian Phillips Curve, ignore macroeconomic heterogeneity which exist in dierent parts of the country. This paper investigates dierences in in ation and output across United States cities....