Bordo, Michael D.; Dueker, Michael J.; Wheelock, David C. - Federal Reserve Bank of St. Louis - 2007
This paper examines the association between monetary policy and stock market booms and busts in the United States …, and end within a few months of an increase in inflation and monetary policy tightening. Latent variable VAR analysis of …
Monetary Policy and Stock Market Booms and Busts in the
20
th
Century
Michael D. Bordo
Michael J. Dueker
and …