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The effect of changing monetary policy regimes on stock prices

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  • Kearney, Adrienne A.

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  • Kearney, Adrienne A., 1996. "The effect of changing monetary policy regimes on stock prices," Journal of Macroeconomics, Elsevier, vol. 18(3), pages 429-447.
    • Handle: RePEc:eee:jmacro:v:18:y:1996:i:3:p:429-447
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    References listed on IDEAS

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    1. Grossman, Jacob, 1981. "The "Rationality" of Money Supply Expectations and the Short-Run Response of Interest Rates to Monetary Surprises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 13(4), pages 409-424, November.
    2. Pearce, Douglas K & Roley, V Vance, 1985. "Stock Prices and Economic News," The Journal of Business, University of Chicago Press, vol. 58(1), pages 49-67, January.
    3. Hamburger, Michael J & Kochin, Levis A, 1972. "Money and Stock Prices: The Channels of Influence," Journal of Finance, American Finance Association, vol. 27(2), pages 231-249, May.
    4. Charles Engel & Jeffrey A. Frankel, 1982. "Why money announcements move interest rates: an answer from the foreign exchange market," Proceedings, Federal Reserve Bank of San Francisco, issue 6, pages 1-36.
    5. Lombra, Raymond E., 1994. "Modeling changes in monetary policy regimes," Journal of Macroeconomics, Elsevier, vol. 16(4), pages 671-682.
    6. Karamouzis, Nicholas & Lombra, Raymond, 1989. "Federal reserve policymaking: an overview and analysis of the policy process," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 30(1), pages 7-62, January.
    7. Kearney, Adrienne A, 1995. "The Changing Influence of Money and Monetary Policy on Exchange Rates," Economic Inquiry, Western Economic Association International, vol. 33(2), pages 203-216, April.
    8. Douglas K. Pearce, 1987. "Challenges to the concept of stock market efficiency," Economic Review, Federal Reserve Bank of Kansas City, vol. 72(Sep), pages 16-33.
    9. Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-247, February.
    10. Cornell, Bradford, 1983. "The Money Supply Announcements Puzzle: Review and Interpretation," American Economic Review, American Economic Association, vol. 73(4), pages 644-657, September.
    11. Rozeff, Michael S., 1974. "Money and stock prices : Market efficiency and the lag in effect of monetary policy," Journal of Financial Economics, Elsevier, vol. 1(3), pages 245-302, September.
    12. David P. Ely & Kenneth J. Robinson, 1989. "The stock market and inflation: a synthesis of the theory and evidence," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Mar, pages 17-29.
    13. Lombra, Raymond E. & Kaufman, Herbert M., 1992. "Modeling central bank behavior: What have we learned?," Journal of Policy Modeling, Elsevier, vol. 14(2), pages 227-248, April.
    14. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    15. Donald L. Kohn, 1989. "Policy targets and operating procedures in the 1990s," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 129-141.
    16. Urich, Thomas & Wachtel, Paul, 1981. "Market Response to the Weekly Money Supply Announcements in the 1970s," Journal of Finance, American Finance Association, vol. 36(5), pages 1063-1072, December.
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    Cited by:

    1. Li, Yun Daisy & Iscan, Talan B. & Xu, Kuan, 2010. "The impact of monetary policy shocks on stock prices: Evidence from Canada and the United States," Journal of International Money and Finance, Elsevier, vol. 29(5), pages 876-896, September.
    2. Adrienne A. Kearney, 2003. "The Changing Probability of a Monetary Policy Response to Inflation and Employment Announcements," Eastern Economic Journal, Eastern Economic Association, vol. 29(4), pages 565-574, Fall.
    3. Adrienne Kearney & Raymond Lombra, 2004. "Stock market volatility, the news, and monetary policy," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 28(2), pages 252-259, June.

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