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Regional Monetary Policies and the Great Depression

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NBER2020-01-01 更新2025-01-04 收录
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We compile a new monthly database for each Federal Reserve district between 1923-33 to analyze the national and regional nature of the monetary transmission mechanism around the Great Depression. We employ sign-identified structural VARs and narrative sign restrictions informed by uncontroversial

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2020-01-01
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