Daily monetary impulses and security prices
| Data(s) |
01/07/1986
|
|---|---|
| Resumo |
This paper uses Swiss data to study the real long-run effects of monetary policy. Daily unexpected changes in the monetary base are found to be negatively correlated with security price changes. This result is unaffected when, implicitly following Geske and Roll (1983), we try to measure the autonomous component of monetary policy by taking into account a reaction function of monetary policy to changes in real variables. |
| Formato |
application/pdf |
| Identificador |
http://boris.unibe.ch/39599/1/1-s2.0-030439328690053X-main.pdf Loderer, Claudio; Lys, Thomas; Schweizer, Urs (1986). Daily monetary impulses and security prices. Journal of monetary economics, 18(1), pp. 33-47. Elsevier 10.1016/0304-3932(86)90053-X <http://dx.doi.org/10.1016/0304-3932(86)90053-X> doi:10.7892/boris.39599 info:doi:10.1016/0304-3932(86)90053-X urn:issn:0304-3932 |
| Idioma(s) |
eng |
| Publicador |
Elsevier |
| Relação |
http://boris.unibe.ch/39599/ |
| Direitos |
info:eu-repo/semantics/restrictedAccess |
| Fonte |
Loderer, Claudio; Lys, Thomas; Schweizer, Urs (1986). Daily monetary impulses and security prices. Journal of monetary economics, 18(1), pp. 33-47. Elsevier 10.1016/0304-3932(86)90053-X <http://dx.doi.org/10.1016/0304-3932(86)90053-X> |
| Palavras-Chave | #330 Economics |
| Tipo |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion PeerReviewed |
