Tomar, Kunwar Sanjay; Kesharwani, Subodh - In: Cogent economics & finance 10 (2022) 1, pp. 1-19
Most studies for the monetary policy effect on stock markets have concentrated on using the primary index to proxy the stock market. The present paper, avoiding “aggregation bias”, seeks to unbundle the effect of monetary policy on the stock market in two ways. First, the non-linear model is...