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The Differential Impact of the Federal Reserve Rate Hikes on National and Regional Employment Figures: Evidence from San Joaquin County
Journal of Applied Business and Economics
View Archive Info| Field | Value | |
| Title |
The Differential Impact of the Federal Reserve Rate Hikes on National and Regional Employment Figures: Evidence from San Joaquin County
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| Creator |
Campbell, Annhenrie
Lindsay, David Soydemir, Gökçe Wagner, Andrew |
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| Description |
This study examines the relationship between Federal Reserve interest rate actions and the employment growth rate in one county within California’s San Joaquin Valley, an economically distressed rural area. Since 2016, the Federal Reserve implemented a series of interest rate hikes and a “quantitative tightening” process to reduce the size of its balance sheet. Our data show that this tightening did slow the rate of employment growth nationally, but the rate slowed more in California and still more in San Joaquin County. This vulnerable region paid a high price for the desired contraction of monetary policy.
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| Publisher |
North American Business Press
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| Date |
2018-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/219
10.33423/jabe.v20i9.219 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 9 (2018)
1499-691X 10.33423/jabe.v20i9 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/219/189
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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