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The Reaction of Stock Prices to Unanticipated Changes in Money
16 references·1 citing·42 second hop
The Reaction of Stock Prices to Unanticipated Changes in Money (1982)The Reaction of Stock Prices to Unanticip…Short- Term Interest Rates as Predictors of Inflation (2021)Short- Term Interest Rates as…The Response of Short-Term Interest Rates to Weekly Money Announcements (1982)The Response of Short-Term In…The "Rationality" of Money Supply Expectations and the Short-Run Response of Interest Rates to Monetary Surprises (1981)The "Rationality" of Money Su…Market Response to the Weekly Money Supply Announcements in the 1970s (1981)Market Response to the Weekly…Inflation and extraordinary returns on owner-occupied housing: Some implications for capital allocation and productivity growth (1981)Inflation and extraordinary r…Inflation, the Stock Market, and Owner-Occupied Housing (1980)Inflation, the Stock Market, …Inflation, Rational Valuation and the Market (1979)Inflation, Rational Valuation…Inflation and the Stock Market (1978)Inflation and the Stock MarketSTOCK RETURNS, MONEY SUPPLY AND THE DIRECTION OF CAUSALITY (1977)STOCK RETURNS, MONEY SUPPLY A…Asset returns and inflation (1977)Asset returns and inflationINFLATION AND RATES OF RETURN ON COMMON STOCKS (1976)INFLATION AND RATES OF RETURN…COMMON STOCKS AS A HEDGE AGAINST INFLATION (1976)COMMON STOCKS AS A HEDGE AGAI…A Note on the Rationality of the Livingston Price Expectations (1975)A Note on the Rationality of …EFFICIENT CAPITAL MARKETS AND THE QUANTITY THEORY OF MONEY (1974)EFFICIENT CAPITAL MARKETS AND…Inflation, Rational Expectations and the Term Structure of Interest Rates (1973)Inflation, Rational Expectati…MONEY AND STOCK PRICES: THE CHANNELS OF INFLUENCE (1972)MONEY AND STOCK PRICES: THE C…The Reaction of Interest Rates to Unanticipated Federal Reserve Actions and Statements, 1977-1984: Implications for the Money Announcement Controversy (2012)The Reaction of Interest Rate…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Efficiency of the Market for Single-Family Homes (1988)Business conditions and expected returns on stocks and bonds (1989)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)The Reaction of Stock Prices to Unanticipated Changes in Money: A Note (1983)Combined DEMATEL technique with a novel MCDM model for exploring portfolio selection based on CAPM (2010)The Role of Macroeconomic Variables on Stock Market Index in China and India (2011)PORTFOLIO SELECTION* (1952)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)Stock returns and inflation (1987)Virtual currency, tangible return: Portfolio diversification with bitcoin (2015)Rational Expectations and the Theory of Price Movements (1961)Applied Economic Forecasting (1967)Expected appreciation in urban housing markets (1985)Rational Expectations and Macroeconomic Forecasts (1985)The Li vingston Survey: Still Useful Aft er All These Years (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Expected stock returns and volatility (1987)Efficient Capital Markets: II (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Value and Capital (1939)The Term Structure of Interest Rates (1957)Government financing decisions and asset returns (1982)Stock Prices and Economic News (1984)Stock Prices and Economic News (1985)Time Series Analysis: Forecasting and Control (1977)Stock Market Returns and Inflation: Evidence from Other Countries (1983)Forecasting stock market returns: The sum of the parts is more than the whole (2011)How Much Do Investors Care About Macroeconomic Risk? Evidence from Scheduled Economic Announcements (2013)Unanticipated Money Growth and Unemployment in the United States (1976)Macroeconomic Factors Do Influence Aggregate Stock Returns (2002)Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets (2005)School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina (1996)Consumption-Based Asset Pricing (2002)Chapter 13 Consumption-based asset pricing (2003)Asset Pricing at the Millennium (2000)Beyond Greed and Fear (2002)Behavioral finance (2003)
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References

  • 1977Asset returns and inflation2,701 cited
  • 1979Inflation, Rational Valuation and the Market944 cited
  • 2021Short- Term Interest Rates as Predictors of Inflation870 cited
  • 1976COMMON STOCKS AS A HEDGE AGAINST INFLATION697 cited
  • 1976INFLATION AND RATES OF RETURN ON COMMON STOCKS567 cited
  • 1978Inflation and the Stock Market330 cited
  • 1973Inflation, Rational Expectations and the Term Structure of Interest Rates270 cited
  • 1975A Note on the Rationality of the Livingston Price Expectations176 cited
  • 1981Market Response to the Weekly Money Supply Announcements in the 1970s171 cited
  • 1977STOCK RETURNS, MONEY SUPPLY AND THE DIRECTION OF CAUSALITY133 cited
  • 1972MONEY AND STOCK PRICES: THE CHANNELS OF INFLUENCE133 cited
  • 1981The "Rationality" of Money Supply Expectations and the Short-Run Response of Interest Rates to Monetary Surprises128 cited
  • 1981Inflation and extraordinary returns on owner-occupied housing: Some implications for capital allocation and productivity growth99 cited
  • 1982The Response of Short-Term Interest Rates to Weekly Money Announcements98 cited
  • 1980Inflation, the Stock Market, and Owner-Occupied Housing97 cited

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  • 1974EFFICIENT CAPITAL MARKETS AND THE QUANTITY THEORY OF MONEY92 cited
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    • 2012The Reaction of Interest Rates to Unanticipated Federal Reserve Actions and Statements, 1977-1984: Implications for the Money Announcement Controversy10 cited