Federal Reserve Bank of St. Louis: 'When Regional Isn't Aggregate: Joint Estimation of Government Transfer Multiplier'
October 13, 2025
October 13, 2025
ST. LOUIS, Missouri, Oct. 13 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-028) on October 7, 2025, by Timothy Conley, Bill Dupor, Rong Li, and Yijiang Zhou entitled "When Regional Isn't Aggregate: Joint Estimation of Government Transfer Multipliers."
Here is the abstract:
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We develop a framework that jointly identifies local and aggregate effects of government transfer shocks with cross-st . . .
Here is the abstract:
* * *
We develop a framework that jointly identifies local and aggregate effects of government transfer shocks with cross-st . . .