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:	2011
Subjects:	Disagreement Central Bank Communication Monetary Policy Speeches Wirtschaft Federal Reserve Regional Representation Economics
Online Access:	PDF Full Text
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