The time varying effect of monetary policy on stock returns Academic Article uri icon

abstract

  • 2017 We find that a surprise increase on the federal funds rate has five times stronger and statistically significant effects on stock returns during 20002007, versus statistically insignificant effects during 19892000. These differences are not apparent in the bond markets.

published proceedings

  • ECONOMICS LETTERS

author list (cited authors)

  • Jansen, D. W., & Zervou, A.

citation count

  • 19

complete list of authors

  • Jansen, Dennis W||Zervou, Anastasia

publication date

  • January 1, 2017 11:11 AM