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In this paper, we investigate the effect of institutional investors on the January stock market anomaly. The Polish and Hungarian pension system reforms and the associated increase in investment activities of pension funds are used as a unique institutional characteristic to provide evidence on...
Persistent link: https://www.econbiz.de/10003314477
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro …’s monetary policy resembles that of any particular euro area core country, as well as asking what interest rates would have been … like in the core countries had the ECB conducted monetary policy prior to 1999. Finally, while estimation using real …
Persistent link: https://www.econbiz.de/10003074618