Acuña, Andres A.; Pinto, Cristian F. - Volkswirtschaftliche Fakultät, … - 2012
This paper analyzes the response of the stock market returns to monetary policy decisions by the Central Bank of Chile … Chilean monetary policy interest rate (TPM), decided in every meeting of Monetary Policy Comitee, on the return of stocks … associated with US Federal Reserve monetary policy, no evidence is found on the impact of monetary surprises on stock returns …