Haji Ali Beigi, Maryam; Budzinski, Oliver - In: Intereconomics : review of European economic policy 48 (2013) 3, pp. 174-179
Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions … the welfare effects of these decisions. This paper investigates the degree of reliability of event studies as a policy … problems, we issue a note of caution: scientists and policy makers should be very reluctant to rely on stock market reactions …