Assessing the impact of the ECB's monetary policy on the stock markets: A sectoral view

This paper shows that the ECB's monetary policy has a heterogeneous impact on the sectoral stock market indexes in the Euro Area. We show that the heteroskedasticity based approach of Rigobon (2003) should be preferred to the event study approach.

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Year of publication:	2009
Authors:	Kholodilin, Konstantin ; Montagnoli, Alberto ; Napolitano, Oreste ; Siliverstovs, Boriss
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 3, p. 211-213
Publisher:	Elsevier
Subject:	Monetary policy Stock markets ECB

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008474062