DAO, Nguyen-Thang; DAVILA, Julio - Center for Operations Research and Econometrics (CORE), … - 2013
, specifically three response structures of US stock market to the federal monetary policy actions based on a sample from 1989 …-2010. We re-estimate the market response in each of the three structures and find results stronger than previously documented … explanation and find it to be significant with economic meaning. We conclude that market responses proportionally to the size of …