Stock Prices and Monetary Policy: An Impulse Response Analysis

This paper analyses the relationship between monetary policy and the stock market with the aim of gaining new insights into the transmission mechanism of monetary policy. The empirical findings shed light on the importance of stock prices for money demand and therefore provide useful information to...

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Bibliographic Details
Main Authors: Guglielmo Maria Caporale, Alaa M. Soliman
Format: Article
Language:English
Published: EconJournals 2013-09-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31958/351948?publisher=http-www-cag-edu-tr-ilhan-ozturk