NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Propagation of Regional Recessions

James D. Hamilton, Michael T. Owyang

NBER Working Paper No. 16657
Issued in January 2011

---- Acknowledgements -----

The authors benefited from conversations with Michael Dueker, Jeremy Piger, and Justin Tobias. Kristie M. Engemann provided research assistance. The views expressed herein do not reflect the official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the National Bureau of Economic Research.

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