Christensen, Jens H. E.; Lopez, Jose A.; Rudebusch, Glenn D. - Federal Reserve Bank of San Francisco - 2009
standard simple event-study regressions.3 Unfortunately, based on
only small difierencesin the speciflcationsof their … regressions, these studies disagreeabout the
efiectiveness of the central bank actions; therefore, we employ a very difierent … found in the aforementioned studies. Third, the dynamics of the two credit risk factors
are interrelated, but only slightly …