Faculty of Business Economics Departmental Seminars - Effects of Monetary Policy Shocks on UK Regional Activity: A Constrained MFVAR Approach

Date: May. 14, 2026 - Thursday

Time: 14.00

Place: santralistanbul Campus,L1-209

Speaker: 

Zeyyad Mandalinci

Abstract

This paper examines the effects of monetary policy (MP) shocks on UK regional economic growth and dispersion in a novel Constrained Mixed Frequency Vector Autoregressive (C-MFVAR) framework. Unlike a standard MFVAR, the model combines variation in national growth with other model estimates to infer missing quarterly regional growth. Results suggest significant heterogeneity in the impact of MP shocks across regions. Manufacturing and SME Intensity are found to be highly related to regional sensitivity to MP shocks.