Duran, Murat; Ozlu, Pinar; Unalmis, Deren - In: Central Bank Review 10 (2010) 2, pp. 23-32
The transmission of policy decisions to financial markets is an integral part of the monetary transmission mechanism. However, one of the major problems in estimating the effect of monetary policy on asset prices is the simultaneous response of policy actions and the asset prices to each other....
