▽himaginaryの日記 ●06/05 06:41 2025-06-04地域の金融政策というNBER論文が上がっている(ungated(SSRN)版)。原題は「Local Monetary Policy」で、著者はVyacheslav Fos、Tommaso Tamburelli、Nancy R. Xu(いずれもボストン大)。When Federal Reserve districts experience high inflation or low unemployment but lack voting rights to influence FOMC decisions, credit extended to commercial banks through the Discount Window (DW) declines. Our identification strategy is based on the exogeno