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Asset Returns, Discount Rate Changes, and Market Efficiency
8 references·16 citing·41 second hop
Asset Returns, Discount Rate Changes, and Market Efficiency (1985)Asset Returns, Discount Rate Changes, and…Stock Prices and Economic News (1985)Stock Prices and Economic NewsStock Prices and Economic News (1984)Stock Prices and Economic NewsThe Reaction of Stock Prices to Unanticipated Changes in Money: A Note (1983)The Reaction of Stock Prices …Market Response to the Weekly Money Supply Announcements in the 1970s (1981)Market Response to the Weekly…Financial Theory and Corporate Policy. (1980)Financial Theory and Corporat…Public Interpretation of Federal Reserve Discount Rate Changes: Evidence on the "Announcement Effect" (1970)Public Interpretation of Fede…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …Market structure, performance, and efficiency: Evidence from the MENA banking sector (2019)Market structure, performance…Monetary policy and stock market dynamics across monetary regimes (2012)Monetary policy and stock mar…Dynamic linkages between monetary policy and the stock market (2009)Dynamic linkages between mone…The effect of monetary policy shocks on stock prices accounting for endogeneity and omitted variable biases (2008)The effect of monetary policy…Monetary Shocks and REIT Returns (2006)Monetary Shocks and REIT Retu…Stock prices, firm size, and changes in the federal funds rate target (2004)Stock prices, firm size, and …The Fed and short-term rates: Is it open market operations, open mouth operations or interest rate smoothing? (2003)The Fed and short-term rates:…Interest Rate Surprises and Stock Prices (2002)Interest Rate Surprises and S…EFFECT OF FEDERAL RESERVE POLICIES ON BANK EQUITY RETURNS (2000)EFFECT OF FEDERAL RESERVE POL…Asymmetric Effects of Interest Rate Changes on Stock Prices (2000)Asymmetric Effects of Interes…Monetary environments and international stock returns (1999)Monetary environments and int…Discount rate changes, stock market returns, volatility, and trading volume: Evidence from intraday data and implications for market efficiency (1999)Discount rate changes, stock …The information content of discount rate announcements: What is behind the announcement effect? (1998)The information content of di…The effect of changes in the federal funds rate target on stock prices in the 1970s (1994)The effect of changes in the …MACRO ECONOMETRICS OF STOCK PRICE FLUCTUATIONS (1993)MACRO ECONOMETRICS OF STOCK P…The impact of discount rate changes on market interest rates (1984)The impact of discount rate c…Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Stock Returns, Real Activity, Inflation, and Money (1981)Permanent and Temporary Components of Stock Prices (1988)Use of macroeconomic variables to evaluate selected hospitality stock returns in the U.S. (1994)Dynamic analysis between the US stock returns and the macroeconomic variables (2007)EFFECT OF MACROECONOMIC VARIABLES ON STOCK MARKET RETURNS FOR FOUR EMERGING ECONOMIES: BRAZIL, RUSSIA, INDIA, AND CHINA (2008)A Program for Monetary Stability (1961)The Behavior of Stock-Market Prices (1965)"Infinite Variance" and Research Strategy in Time Series Analysis (1972)Money and stock prices (1974)Discount rate changes and security returns in the U.S., 1962–1991 (1995)The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Prices to New Information (1969)Day of the Week Effects and Asset Returns (1981)Business conditions, monetary policy, and expected security returns (1996)Investor sentiment and the stock market’s reaction to monetary policy (2009)How Much Do Investors Care About Macroeconomic Risk? Evidence from Scheduled Economic Announcements (2013)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Economic Forces and the Stock Market (1986)Business conditions and expected returns on stocks and bonds (1989)Simultaneous monetary policy announcements and international stock markets response: An intraday analysis (2010)Macroeconomic variables and stock market indices: Asymmetric dynamics in the US and Canada (2019)Econometric policy evaluation: A critique (1976)Asset returns and inflation (1977)Inflation, Rational Valuation and the Market (1979)Response of Hourly Stock Prices and Trading Volume to Economic News (1988)Macro economy, stock market and oil prices: Do meaningful relationships exist among their cyclical fluctuations? (2010)How Much Do Investors Care About Macroeconomic Risk? Evidence from Scheduled Economic Announcements (2011)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)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)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)The Adjustment of Stock Prices to Information About Inflation (1981)Macro variables and international stock return predictability (2004)Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? (1986)Diversification's effect on firm value (1995)Shareholder value, stakeholder management, and social issues: what's the bottom line? (2001)
this work references cited by second hop

References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1980Financial Theory and Corporate Policy.1,699 cited
  • 1985Stock Prices and Economic News420 cited
  • 1984Stock Prices and Economic News380 cited
  • 1983The Reaction of Stock Prices to Unanticipated Changes in Money: A Note183 cited
  • 1981Market Response to the Weekly Money Supply Announcements in the 1970s171 cited
  • 1970Public Interpretation of Federal Reserve Discount Rate Changes: Evidence on the "Announcement Effect"159 cited

Cited by

  • 1999Monetary environments and international stock returns155 cited
  • 1993MACRO ECONOMETRICS OF STOCK PRICE FLUCTUATIONS146 cited
  • 2006Monetary Shocks and REIT Returns106 cited
  • 2000Asymmetric Effects of Interest Rate Changes on Stock Prices100 cited
  • 2003The Fed and short-term rates: Is it open market operations, open mouth operations or interest rate smoothing?69 cited
  • 1999Discount rate changes, stock market returns, volatility, and trading volume: Evidence from intraday data and implications for market efficiency69 cited
  • 2008

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The effect of monetary policy shocks on stock prices accounting for endogeneity and omitted variable biases
67 cited
  • 2012Monetary policy and stock market dynamics across monetary regimes65 cited
  • 2002Interest Rate Surprises and Stock Prices62 cited
  • 1984The impact of discount rate changes on market interest rates55 cited
  • 2004Stock prices, firm size, and changes in the federal funds rate target53 cited
  • 2019Market structure, performance, and efficiency: Evidence from the MENA banking sector50 cited
  • 1994The effect of changes in the federal funds rate target on stock prices in the 1970s44 cited
  • 2000EFFECT OF FEDERAL RESERVE POLICIES ON BANK EQUITY RETURNS44 cited
  • 2009Dynamic linkages between monetary policy and the stock market41 cited
  • 1998The information content of discount rate announcements: What is behind the announcement effect?40 cited