IDEAS home Printed from https://ideas.repec.org/h/spr/fimchp/978-3-032-15451-4_4.html

The Effects of the Disclosure to Financial Markets: Monetary Policy Announcements, Surprises, and Asset Pricing

Author

Listed:
  • Lucia Milena Murgia

    (University College London, School of Management)

Abstract

This chapter explores the effects of monetary policy disclosure on financial markets. While the previous chapter examined the mechanisms through which central banks communicate and disclose policy decisions, the present discussion builds on that foundation by analysing how such disclosures are received and interpreted by market participants. Emphasis is placed on the asset pricing implications of monetary announcements. The literature shows that financial markets often respond quickly and strongly to central bank communication, yet the nature and magnitude of these reactions do not always align with the predictions of standard asset pricing theory. Instead, responses may reflect broader expectations, risk perceptions, or shifts in uncertainty rather than purely mechanical adjustments to discount rates or cash-flow forecasts.

Suggested Citation

  • Lucia Milena Murgia, 2026. "The Effects of the Disclosure to Financial Markets: Monetary Policy Announcements, Surprises, and Asset Pricing," Financial and Monetary Policy Studies,, Springer.
    • Handle: RePEc:spr:fimchp:978-3-032-15451-4_4
    DOI: 10.1007/978-3-032-15451-4_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:fimchp:978-3-032-15451-4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.