Regional and state heterogeneity of monetary shocks in Argentina

This paper empirically investigates how economic activity in Argentina at regional and provincial (i.e., state) levels responds to central national monetary policy shocks, as given by a change in the interest rate. Regional heterogeneity of monetary shocks exists in Argentina. At the regional level...

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Autores principales: Blanco, Emilio, Elosegui, Pedro, Izaguirre, Alejandro, Montes Rojas, Gabriel
Formato: Articulo
Lenguaje:Inglés
Publicado: 2019
Materias:
Economía
Monetary policy
Monetary transmission
Regional effects
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/127917
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-127917
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Economía
Monetary policy
Monetary transmission
Regional effects
spellingShingle Economía
Monetary policy
Monetary transmission
Regional effects
Blanco, Emilio
Elosegui, Pedro
Izaguirre, Alejandro
Montes Rojas, Gabriel
Regional and state heterogeneity of monetary shocks in Argentina
topic_facet Economía
Monetary policy
Monetary transmission
Regional effects
description This paper empirically investigates how economic activity in Argentina at regional and provincial (i.e., state) levels responds to central national monetary policy shocks, as given by a change in the interest rate. Regional heterogeneity of monetary shocks exists in Argentina. At the regional level the long-term effects of increasing the interest rate are negative and statistically significant. At the provincial level, 11 provinces show a negative and significant impact of a shock on the interest rate over employment. However, there are 13 provinces in which the effect is not statistically significant, including the City of Buenos Aires and Buenos Aires Province. Bayesian methods are implemented to study the discrepancies in the impact on different provinces.
format Articulo
Articulo
author Blanco, Emilio
Elosegui, Pedro
Izaguirre, Alejandro
Montes Rojas, Gabriel
author_facet Blanco, Emilio
Elosegui, Pedro
Izaguirre, Alejandro
Montes Rojas, Gabriel
author_sort Blanco, Emilio
title Regional and state heterogeneity of monetary shocks in Argentina
title_short Regional and state heterogeneity of monetary shocks in Argentina
title_full Regional and state heterogeneity of monetary shocks in Argentina
title_fullStr Regional and state heterogeneity of monetary shocks in Argentina
title_full_unstemmed Regional and state heterogeneity of monetary shocks in Argentina
title_sort regional and state heterogeneity of monetary shocks in argentina
publishDate 2019
url http://sedici.unlp.edu.ar/handle/10915/127917
work_keys_str_mv AT blancoemilio regionalandstateheterogeneityofmonetaryshocksinargentina
AT eloseguipedro regionalandstateheterogeneityofmonetaryshocksinargentina
AT izaguirrealejandro regionalandstateheterogeneityofmonetaryshocksinargentina
AT montesrojasgabriel regionalandstateheterogeneityofmonetaryshocksinargentina
bdutipo_str Repositorios
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