Working Papers,
Lund University, Department of Economics

Abstract: This paper investigates the effects on employment in 21 Swedish regions of a monetary policy shock using a VAR model with exogenous foreign variables for the 1993:1-2007:4 period. The regional impulse responses clearly indicate asymmetric effects in which employment falls significantly in some regions, while not changing significantly in others. These differences seem to stem from the interest and exchange rate channel, whereby regions with larger shares of employment in the goods sector and higher export intensity are adversely affected. In addition, there is one group of regions that, surprisingly, see increased employment in response to the same policy shock.

Keywords: monetary transmission; vector autoregression (VAR); regional differences

JEL-codes: C32; E52; F41

32 pages, First version: April 28, 2012. Revised: March 1, 2013.

Full text files

WP12_9.pdf  

Download statistics

• Lund University, Department of Economics
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Iker Arregui Alegria ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:lunewp:2012_009This page generated on 2024-09-13 22:16:10.