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Rural Impacts of Monetary Policy

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Abstract

A multiregional econometric model evaluates the impacts of changes in monetary policy on economic development in metropolitan and nonmetropolitan parts of each of the four principal U S Census regions Regional variations in the adaptation to a change in national monetary policy depend on a specific region's economic structure Nonmetro regions are generally less affected by overall changes in monetary policy than are metro regions Increases in credit to nonmetro regions increase nonmetro economic activity But, the accompanying decrease in metro activity - caused by decreased credit availability - more than offsets the nonmetro gains, and these nonmetro gains tend to dissipate over time

Suggested Citation

  • Unknown, 1981. "Rural Impacts of Monetary Policy," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 33(4), pages 1-11, October.
    • Handle: RePEc:ags:uersja:148794
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    Cited by:

    1. Carlos Rodriguez-Fuentes & Sheila Dow, 2003. "EMU and the Regional Impact of Monetary Policy," Regional Studies, Taylor & Francis Journals, vol. 37(9), pages 969-980.
    2. Rodríguez-Fuentes, Carlos Javier & Hernández-López, Montserrat, 1997. "Análisis de diferencias estructurales interregionales determinantes en el impacto de la política monetaria," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 7, pages 141-157, Junio.

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