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The Impact of Monetary Policy on Stock Market Bubbles and Trading Behavior : Evidence from the Lab

Fischbacher, Urs - 2013

This paper investigates the effect of monetary policy on stock market bubbles and trading behavior in experimental … observe a strong impact of our interest rate policy on liquidity in the stock market but only a small impact on bubbles …. However, we find that announcing the possibility of reserve requirements significantly reduces bubbles even when such …

Persistent link: https://www.econbiz.de/10013092749

Stock Market Bubbles and Monetary Policy Effectiveness

Fullana, Olga - 2020

of restrictive monetary policy shocks coincides with the phase of the business cycle in which bubbles arise …

Persistent link: https://www.econbiz.de/10012855577

How do the financial markets respond to emerging economies' asset purchase program? : evidence from the Covid-19 crisis

Prabheesh, K. P.; Kumar, Sanjiv - 2022

This study examines the impacts of unconventional monetary policy on the exchange rate, stock market, and bond market during the COVID-19 economic crisis in an emerging economy. It focuses particularly on the asset purchase program conducted by the Central Bank of India. The Central Bank...

Persistent link: https://www.econbiz.de/10013198715

From Free Markets to Fed Markets : How Unconventional Monetary Policy Impacts Equity Markets

Putniņš, Tālis J. - 2020

In response to the COVID-19 pandemic, the US Federal Reserve almost doubled its balance sheet by adding $3 trillion of assets (13% of GDP) in the space of three months, constituting the most aggressive unconventional monetary policy on record. We show that these actions had a substantial effect...

Persistent link: https://www.econbiz.de/10012831878

Stock Market Reaction to Fed Funds Rate Surprises : State Dependence and the Financial Crisis

Saggu, Aman - 2015

This paper examines the response of US stock returns to Federal Funds rate (FFR) surprises between 1989 and 2012, focusing on the impact of the recent financial crisis. We find that outside the crisis period, stock prices increased as a response to unexpected FFR cuts. State dependence is...

Persistent link: https://www.econbiz.de/10013020193

Monetary Policy and Asset Prices : A Look Back at Past U.S. Stock Market Booms

Bordo, Michael D. - 2011

This paper examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms. We identify several episodes of sustained rapid rise in equity prices in...

Persistent link: https://www.econbiz.de/10013127756

Monetary Policy and Asset Prices : A Look Back at Past U.S. Stock Market Booms

Bordo, Michael D. - 2004

Persistent link: https://www.econbiz.de/10012467986

Quantitative easing and exuberance in stock markets : evidence from the euro area

Hudepohl, Tom; Lamoen, Ryan C. R. van; Vette, Nander de - 2019

Persistent link: https://www.econbiz.de/10012132896

The response of stock market volatility to futures-based measures of monetary policy shocks

Gospodinov, Nikolaj; Jamali, Ibrahim - 2014

In this paper, we investigate the dynamic response of stock market volatility to changes in monetary policy. Using a vector autoregressive model, our findings reveal a significant and asymmetric response of stock returns and volatility to monetary policy shocks. Although the increase in the...

Persistent link: https://www.econbiz.de/10010395968

Evidence about the transmission of monetary policy

Laine, Olli-Matti - 2022

This doctoral dissertation analyses the transmission of monetary policy. It applies a variety of empirical methods to study how conventional and unconventional monetary policy measures transmit to different macroeconomic and financial variables. The first article analyses the effect of monetary...

Persistent link: https://www.econbiz.de/10013207407

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