Taking Stock: Monetary Policy Transmission to Equity Markets
Introduction 2. Monetary policy and equity markets: conceptual issues and data 1 3. Overall stock market reaction to monetary policy 1 4. Industry effects, the credit channel and Tobin's q 1 4.1 Industry-specific effects 1 4.2 Firm-specific effects 1 5. Propensity score matching 2 5.1 Algorithm of propensity score matching 2 5.2 Empirical results 2 6. Conclusions
Authors: Michael Ehrmann, Marcel Fratzscher
Citations: 379
Published: 2004-01-01T00:00:00.000Z
Why It Matters
Venue: Journal of money credit and banking. Year: 2004. Citations: 379. Abstract signal: Introduction 2. Monetary policy and equity markets: conceptual issues and data 1 3. Overall stock market reaction to monetary policy 1 4. Industry effects, the credit channel and Tobin's q 1 4.1 Industry-specific effects...
Abstract
Introduction 2. Monetary policy and equity markets: conceptual issues and data 1 3. Overall stock market reaction to monetary policy 1 4. Industry effects, the credit channel and Tobin's q 1 4.1 Industry-specific effects 1 4.2 Firm-specific effects 1 5. Propensity score matching 2 5.1 Algorithm of propensity score matching 2 5.2 Empirical results 2 6. Conclusions
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