Do Federal Reserve Presidents Communicate with a Regional Bias?

In this paper, we analyze the determinants of U.S. monetary policy stance as expressed in speeches by Federal Reserve (Fed) officials over the period January 1998 to September 2009. Econometrically, we use a probit model with regional and national macroeconomic variables to explain the content of th...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 03-2011)
Main Authors: Hayo, Bernd, Neuenkirch, Matthias
Format: Work
Language:English
Published: Philipps-Universität Marburg 2011
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MAGKS - Joint Discussion Paper Series in Economics