Artículos relacionados a Finance and Economics Discussion Series: What Explains...
Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy - Tapa blanda
Sinopsis
This paper analyzes the impact of changes in monetary policy on equity prices, with the objectives both of measuring the average reaction of the stock market and also of understanding the economic sources of that reaction. We find that, on average, a hypothetical unanticipated 25-basis-point cut in the federal funds rate target is associated with about a one percent increase in broad stock indexes. Adapting a methodology due to Campbell (1991) and Campbell and Ammer (1993), we find that the effects of unanticipated monetary policy actions on expected excess returns account for the largest part of the response of stock prices.
"Sinopsis" puede pertenecer a otra edición de este libro.
Reseña del editor
This paper analyzes the impact of changes in monetary policy on equity prices, with the objectives both of measuring the average reaction of the stock market and also of understanding the economic sources of that reaction. We find that, on average, a hypothetical unanticipated 25-basis-point cut in the federal funds rate target is associated with about a one percent increase in broad stock indexes. Adapting a methodology due to Campbell (1991) and Campbell and Ammer (1993), we find that the effects of unanticipated monetary policy actions on expected excess returns account for the largest part of the response of stock prices.
"Sobre este título" puede pertenecer a otra edición de este libro.
Comprar nuevo
Ver este artículo
EUR 19,09
EUR 10,62 gastos de envío desde Estados Unidos de America a España
Destinos, gastos y plazos de envío
Resultados de la búsqueda para Finance and Economics Discussion Series: What Explains...
Imagen del vendedor
Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy (Paperback or Softback)
Publicado por
Bibliogov 2/6/2013, 2013
ISBN 10: 1288713215
ISBN 13: 9781288713219
Nuevo
Paperback or Softback
Librería: BargainBookStores, Grand Rapids, MI, Estados Unidos de America
Calificación del vendedor: 5 de 5 estrellas
Paperback or Softback. Condición: New. Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy 0.28. Book. Nº de ref. del artículo: BBS-9781288713219
Cantidad disponible: 5 disponibles
Imagen de archivo
Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy
Impresión bajo demandaLibrería: THE SAINT BOOKSTORE, Southport, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
Paperback / softback. Condición: New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days 157. Nº de ref. del artículo: C9781288713219
Cantidad disponible: Más de 20 disponibles
Imagen del vendedor
Finance and Economics Discussion Series: What Explains the Stock Market s Reaction to Federal Reserve Policy
Librería: moluna, Greven, Alemania
Calificación del vendedor: 5 de 5 estrellas
Condición: New. KlappentextThis paper analyzes the impact of changes in monetary policy on equity prices, with the objectives both of measuring the average reaction of the stock market and also of understanding the economic sources of that reaction. We . Nº de ref. del artículo: 6584625
Cantidad disponible: Más de 20 disponibles
Imagen de archivo
Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy
Librería: Lucky's Textbooks, Dallas, TX, Estados Unidos de America
Calificación del vendedor: 5 de 5 estrellas
Condición: New. Nº de ref. del artículo: ABLING22Oct2517050416930
Cantidad disponible: Más de 20 disponibles