Financial Market Reaction to Federal Reserve Communications: Does the Crisis Make a Difference?

Financial Market Reaction to Federal Reserve Communications: Does the Crisis Make a Difference?

This paper studies the effects of Federal Reserve communications on US financial market returns from 1998 to 2009 and asks whether a significant change occurred during the financial crisis of August 2007–December 2009. We find, first, that central bank communication moves financial markets in the in...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 08-2008)
Autoren: Hayo, Bernd, Kutan, Ali M., Neuenkirch, Matthias
Format: Arbeit
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2008
Schlagworte:
Monetary Policy
Central Bank Communication
Financial Markets
Wirtschaft
Federal Reserve
Financial Crisis
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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