Li, Yun Daisy; Iscan, Talan B.; Xu, Kuan - In: Journal of International Money and Finance 29 (2010) 5, pp. 876-896
Using structural VAR models with short-run restrictions appropriate for Canada and the United States, we empirically examine whether trade and financial market openness matter for the impact on and transmission to stock prices of monetary policy shocks. We find that, in Canada, the immediate...