Tomar, Kunwar Sanjay; Kesharwani, Subodh - In: Cogent economics & finance 10 (2022) 1, pp. 1-19
Most studies for the monetary policy effect on stock markets have concentrated on using the primary index to proxy the … stock market. The present paper, avoiding “aggregation bias”, seeks to unbundle the effect of monetary policy on the stock … market in two ways. First, the non-linear model is used. Second, sector-level monetary policy variable association and …