Similar Search Results

Turnover liquidity and the transmission of monetary policy

Lagos, Ricardo; Zhang, Shengxing - In: The American economic review 110 (2020) 6, pp. 1635-1672

Persistent link: https://www.econbiz.de/10012256314

Central Banks, Stock Markets, and the Real Economy

Caballero, Ricardo J.; Simsek, Alp - National Bureau of Economic Research - 2024

This article summarizes empirical research on the interaction between monetary policy and asset markets, and reviews our previous theoretical work that captures these interactions. We present a concise model in which monetary policy impacts the aggregate asset price, which in turn influences...

Persistent link: https://www.econbiz.de/10014468253

Stock market reaction to policy interventions

Fiordelisi, Franco; Galloppo, Giuseppe - In: The European journal of finance 24 (2018) 18, pp. 1817-1834

Persistent link: https://www.econbiz.de/10012259156

Stock market dynamics, leveraged network-based financial accelerator and monetary policy

Riccetti, Luca; Russo, Alberto; Gallegati, Mauro - In: International review of economics & finance : IREF 43 (2016), pp. 509-524

Persistent link: https://www.econbiz.de/10011625923

Monetary policy as market stabilizer in the COVID-19 pandemic

Shan, Yimin; Chen, Yang; Xiao, Yajun - In: Finance research letters 55 (2023) 2, pp. 1-8

Persistent link: https://www.econbiz.de/10014473451

A comparison of new factor models

Hou, Kewei; Xue, Chen; Zhang, Lu - 2015

. Investment and profitability, not liquidity, are the key driving forces in the broad cross section of expected stock returns …

Persistent link: https://www.econbiz.de/10011279578

Discount Factors and Monetary Policy : Evidence from Dual-Listed Stocks

Vandeweyer, Quentin; Yang, Minghao; Yannelis, Constantine - National Bureau of Economic Research - 2024

This paper studies the transmission of monetary policy to the stock market through investors' discount factors. To isolate this channel, we investigate the effect of US monetary policy surprises on the ratio of prices of the same stock listed simultaneously in Hong Kong and Mainland China, and...

Persistent link: https://www.econbiz.de/10014544777

A Changing Financial Environment and the Implications for Monetary Policy

Mylonas, Paul - 2000

Monetary policy affects activity, and ultimately inflation, in a number of ways. The most important of these is generally considered to be through the effect of interest rates directly on the demand for goods by households and firms. However, monetary policy can also influence activity through...

Persistent link: https://www.econbiz.de/10012442994

Have Long-term Financial Trends Changed the Transmission of Monetary Policy?

Cournède, Boris - 2008

This paper addresses the question of whether and how long-term financial trends may have modified the transmission mechanism from monetary policy decisions to economic activity. The focus is on longterm changes, abstracting from the disruptions created by the 2007-08 financial turmoil which are...

Persistent link: https://www.econbiz.de/10012446032

The Effect of Stock Liquidity on Debt-Equity Choices

Cheung, William M.; Im, Hyun Joong; Zhang, Bohui - 2021

We examine the effect of stock liquidity on the choice between debt and equity financing. Using three quasi …-natural experiments, we show that increased stock liquidity increases firms' propensity to finance using debt. In addition, we document … that liquidity reduces the cost of debt finance. Taken together, these results suggest that increased liquidity, by …

Persistent link: https://www.econbiz.de/10013251994