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What Explains the Stock Market's Reaction to Federal Reserve Policy?
monetary policy equity prices stock market economic sources
2011/8/21
This paper analyzes the impact of changes in monetary policy on equity prices, with the objectives of both measuring the average reaction of the stock market and understanding the economic sources of ...
The Reaction of Real Estate–Related Industries to the Monetary Policy Actions
monetary policy real estate–related industries stock prices the equity returns
2011/8/21
We study the impact of changes in U.S. monetary policy on the equity returns of real estate–related industries. We find that, over the 1989–2005 sample period covered in our study, a hypothetical unex...