Ehrmann, Michael; Fratzscher, Marcel - 2004
WORKING PAPER SERIES
NO. 354 / MAY 2004
TAKING STOCK:
MONETARY POLICY
TRANSMISSION TO
EQUITY MARKETS
by Michael Ehrmann …
NO. 354 / MAY 2004
TAKING STOCK:
MONETARY POLICY
TRANSMISSION TO
EQUITY MARKETS
1
by Michael Ehrmann
2
and Marcel …
Working Paper Series No. 354
May 2004
CONTENTS
Abstract 4
Non-technical summary 5
1. Introduction 7
2. Monetary policy and …