Filbien, Jean-Yves; Labondance, Fabien - In: Economics Letters 120 (2013) 2, pp. 271-275
This article examines the magnitude of stock market reactions to European Central Bank (ECB) monetary policy … stock markets learn from ECB monetary policy. In particular, Eurozone financial markets extract information from the ECB … announcements and consider this information before making investment decisions. Furthermore, the predictability of ECB monetary …