Regional economic structure and heterogeneous effects of monetary policy: evidence from Indonesian provinces

Regional economic structure and heterogeneous effects of monetary policy: evidence from Indonesian provinces

Abstract We analyze how regional economic structures affect the impact of monetary policy on rates of inflation across 34 Indonesian provinces. The paper first applies structural factor augmented vector autoregressive model (SFAVAR) to all the 34 provinces based on monthly provincial data in order t...

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Bibliographic Details
Main Authors: Harry Aginta, Masakazu Someya
Format: Article
Language:English
Published: SpringerOpen 2022-01-01
Series:Journal of Economic Structures
Subjects:
Monetary policy transmission
Economic structure
Inflation
Indonesia
E52
R11
Online Access:https://doi.org/10.1186/s40008-021-00260-6

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