CEUSTER, Marc J.K. DE; LI, Jie; ZHANG, Hairui - Faculteit Toegepaste Economische Wetenschappen, … - 2012
In this paper, we study the sensitivity of insurance companies’ stock returns with respect to expected and unexpected 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...