Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications

Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional v...

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Bibliographic Details
Main Author: Pennings, Steven
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
FISCAL MULTIPLIER
FISCAL TRANSFER
MONETARY UNION
FEDERAL TRANSFERS
REGIONAL DEVELOPMENT
STIMULUS PACKAGE
NEW KEYNESIAN MODEL
REGIONAL STABILIZATION
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
COUNTERCYCLICAL POLICY
Online Access:http://documents.worldbank.org/curated/en/486411589304789870/Cross-Region-Transfers-in-a-Monetary-Union-Evidence-from-the-US-and-Some-Implications
http://hdl.handle.net/10986/33756

Internet

http://documents.worldbank.org/curated/en/486411589304789870/Cross-Region-Transfers-in-a-Monetary-Union-Evidence-from-the-US-and-Some-Implications
http://hdl.handle.net/10986/33756

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