Siklos, Pierre L. (contributor); Bohl, Martin T. (contributor) - 2006 - Rev. Mar 6/07
finance literature has often relied on event type studies wherein
5
The …
movements, and their volatility, than do ECB verbal pronouncements. Previous studies
that conclude that news effects are … temptation to surprise markets (Sims 2004). Evidence, both of the time series and
event study varieties, points to some …