Macroeconomic Policies Interaction & the Symmetry of Financial Markets’ Responses

This concise study analyses the symmetry of financial markets' responses to macroeconomic policy interaction in the United Kingdom. Employing the Vector Auto-regression (VAR) model on monthly data of the British financial sector and macroeconomic policies from January 1985 to August 2008, this study found that the equity and sovereign debt markets showed identical symmetry in response to macroeconomic policy interaction.

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Year of publication:	2016
Authors:	Nasir, Muhammad Ali ; Soliman, Alaa M. ; Yago, Milton ; Wu, Junjie
Published in:	Journal of Central Banking Theory and Practice. - Warsaw : De Gruyter Open, ISSN 2336-9205. - Vol. 5.2016, 1, p. 53-69
Publisher:	Warsaw : De Gruyter Open
Subject:	Financial Markets \| Macroeconomic Policy Interaction \| Symmetry of financial markets responses

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1515/jcbtp-2016-0003 [DOI] hdl:10419/217585 [Handle] RePEc:cbk:journl:v:5:y:2016:i:1:p:53-69 [RePEc]
Classification:	E44 - Financial Markets and the Macroeconomy ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; G12 - Asset Pricing ; G18 - Government Policy and Regulation
Source:	EconStor

Persistent link: https://www.econbiz.de/10012217820