The Effects of Conventional and Unconventional Monetary Policy Surprises on Asset Markets in the United States
作者： Ibrahim Unalmis , Deren Unalmis
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摘要: This study estimates the impacts of conventional and unconventional monetary policy surprises on asset markets in United States using heteroskedasticity-based GMM technique suggested by Rigobon Sack (2004). Monetary have statistically significant effects major both periods, yet magnitudes responses differ notably period. For period, stock returns implied volatilities bond are found to be lower compared most other however, similar or higher
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