Challe, Edouard; Giannitsarou, Chryssi - In: Journal of Economic Dynamics and Control 40 (2014) C, pp. 46-66
Empirical literature documents that unexpected changes in the nominal interest rates have a significant effect on real stock prices: a 100-basis point increase in the nominal interest rate is associated with an immediate decrease in broad real stock indices that may range from 2.2 to 9%,...
