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| 題 名 | Regional Effects of Monetary Policy in the Netherlands |
|---|---|
| 作 者 | Arnold, Ivo J. M.; Vrugt, Evert B.; | 書刊名 | International Journal of Business and Economics |
| 卷 期 | 1:2 民91.08 |
| 頁 次 | 頁123-134 |
| 分類號 | 561.18 |
| 關鍵詞 | Monetary transmission; Sectoral effects; Regional effects; |
| 語 文 | 英文(English) |
| 英文摘要 | This paper measures the impact of monetary policy shocks on regional and sectoral output in the Netherlands for the period 1973 to 1993. We document large regional and sectoral variation in monetary policy transmission. Our results support previous findings that the differential regional effects of monetary policy are significantly related to industrial composition. We also find that sectoral effects account for much more of the variation in interest sensitivity than regional effects. Finally, we explore whether sectors which react more strongly to interest rate shocks are compensated by higher returns. |
本系統中英文摘要資訊取自各篇刊載內容。