Monetary Policy through Production Networks: Evidence from the Stock Market
收藏NBER2017-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23424
下载链接
链接失效反馈官方服务：
资源简介：
Monetary policy shocks have a large impact on stock returns in narrow windows around press releases by the Federal Reserve. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect and an indirect (network) effect. We attribute 50%-85% of the
提供机构：
美国国家经济研究局
创建时间：
2017-05-01
