CEUSTER, Marc J.K. DE; LI, Jie; ZHANG, Hairui - Faculteit Toegepaste Economische Wetenschappen, … - 2012
changes in the Federal funds target rate over the period 1988-2007. We confirm Bernanke and Kuttner (2005) that, as stocks in … general, insurance stock returns are only sensitive to the unexpected changes in the Federal funds target rate, but not to the …