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

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Year of publication:	[2021]
Authors:	Elmendorf, Douglas W. ; Weil, David N. ; hirschfeld, Mary L
Publisher:	[S.l.] : SSRN
Subject:	Großbritannien \| United Kingdom \| Börsenkurs \| Share price \| Informationsökonomik \| Economics of information

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Extent:	1 Online-Ressource (34 p)
Series:	NBER Working Paper ; No. w4234
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1992 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013232737