The Effect of Monetary Policy on Monthly and Quarterly Stock Market Returns : Cross-Country Evidence and Sensitivity Analyses

@inproceedings{Durham2001TheEO,
  title={The Effect of Monetary Policy on Monthly and Quarterly Stock Market Returns : Cross-Country Evidence and Sensitivity Analyses},
  author={J. Benson Durham},
  year={2001}
}
Several studies report an empirical link between changes in monetary policy and shortas well as long-run stock market performance in the United States. Such findings are germane both to the study of market determinants and to monetary policy transmission mechanisms. Previous univariate time-series results on long-run data, which use the discount rate as the main policy indicator, seem robust to alternative specifications of stock price returns given data on 16 countries from 1956 through 2000… CONTINUE READING
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