Compartir
Finance and Economics Discussion Series: The Effect of Monetary Policy on Monthly and Quarterly Stock Market Returns (en Inglés)
United States Federal Reserve Board
(Autor)
·
J. Benson Durham
(Autor)
·
Bibliogov
· Tapa Blanda
Finance and Economics Discussion Series: The Effect of Monetary Policy on Monthly and Quarterly Stock Market Returns (en Inglés) - United States Federal Reserve Board ; Durham, J. Benson
19,81 €
20,86 €
Ahorras: 1,04 €
Elige la lista en la que quieres agregar tu producto o crea una nueva lista
✓ Producto agregado correctamente a la lista de deseos.
Ir a Mis Listas
Origen: Estados Unidos
(Costos de importación incluídos en el precio)
Se enviará desde nuestra bodega entre el
Miércoles 26 de Junio y el
Lunes 15 de Julio.
Lo recibirás en cualquier lugar de España entre 1 y 5 días hábiles luego del envío.
Reseña del libro "Finance and Economics Discussion Series: The Effect of Monetary Policy on Monthly and Quarterly Stock Market Returns (en Inglés)"
Several studies report an empirical link between changes in monetary policy and short- as well as long-run stock market performance in the United States. Such findings are germane both to the study of market anomalies and to monetary policy transmission mechanisms. Previous univariate time-series results on long-run data, which use the discount rate as the main policy indicator, seem robust to alternative specifications of stock price returns given data on 16 countries from 1956 through 2000. However, out-of-sample tests indicate that the relation has largely decreased over time. Also, panel regressions, which notably include cross-sectional variance and therefore are particularly relevant to market participants, suggest that the relation is less sturdy, and consideration of excess as opposed to raw equity price returns in time-series regressions indicates no relation. Finally, alternative measures of central bank policy suggest a weaker and a diminished correlation between monetary policy changes and long-run stock market performance.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
Todos los libros de nuestro catálogo son Originales.
El libro está escrito en Inglés.
La encuadernación de esta edición es Tapa Blanda.
✓ Producto agregado correctamente al carro, Ir a Pagar.
