The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence
收藏NBER2014-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19981
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资源简介：
We estimate the response of stock prices to exogenous monetary policy shocks using a vector-autoregressive model with time-varying parameters. Our evidence points to protracted episodes in which, after a short-run decline, stock prices increase persistently in response to an exogenous tightening of
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
