Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy by Kenneth N. Kuttner, Ben S. Bernanke

Finance and Economics Discussion Series: What Explains the Stock Market's Reaction to Federal Reserve Policy

Kenneth N. Kuttner, Ben S. Bernanke

60 pages missing pub info (editions)

nonfiction politics
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This paper analyzes the impact of changes in monetary policy on equity prices, with the objectives both of measuring the average reaction of the stock market and also of understanding the economic sources of that reaction. We find that, on average...

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