Essays about: "Monetary policy surprise"
Found 3 essays containing the words Monetary policy surprise.
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1. An Empirical Study of Monetary Policy Transmission Through Floating Rate Corporate Debt
University essay from Göteborgs universitet/Graduate SchoolAbstract : Considering the contemporary shift in the interest rate regime and the high levels of corporate debt in the US market, we show that monetary policy surprises have an impact on stock returns. This impact is dominated by a surprise in Fed forward guidance. READ MORE
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2. Bank Stock Returns and Monetary Policy Surprises: Before and After the Financial Crisis
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Using daily bank stock data and quarterly balance sheet data, we estimate the reaction of bank stock returns and maturity mismatches to surprise changes in the federal funds rate and the slope of the yield curve on FOMC dates, before and after the financial crisis of 2008. We find that the reaction of U.S. READ MORE
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3. The effect of monetary policy on active investments
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper examines the effects of U.S. monetary policy announcements in the aftermath of the subprime crisis on financial analysts' ability to predict stock prices. We study such effects, if any, using Bloomberg data on equity analyst 12-month target prices and subsequent realized stock prices. READ MORE