The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920

We study the relationship of non-quantitative news to bond prices. We select a set of major news events based solely on their significance as judged by historians, and examine the corresponding bond price movements. We find strong evidence that news has some influence on bond price movements, but we find no evidence that news can explain more than a small fraction of those movements.

MoreLess

Year of publication:	1992-12
Authors:	Elmendorf, Douglas ; Weil, David ; Hirshfeld, Mary
Institutions:	National Bureau of Economic Research (NBER)

Online Resource

Check full text access |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	AP published as Review of Economics and Statistics, June 1996, pp.341-344 Number 4234
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005575273