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Monetary Policy and Stock Market Booms and Busts in the 20th Century
16 references·0 citing·49 second hopsampled
Monetary Policy and Stock Market Booms and Busts in the 20th Century (2007)Monetary Policy and Stock Market Booms an…What Explains the Stock Market's Reaction to Federal Reserve Policy? (2005)What Explains the Stock Marke…THE GREAT DEPRESSION AS A CREDIT BOOM GONE WRONG (2005)THE GREAT DEPRESSION AS A CRE…INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)INTEREST AND PRICES: FOUNDATI…Asset Prices, Financial and Monetary Stability: Exploring the Nexus (2005)Asset Prices, Financial and M…A HISTORY OF THE FEDERAL RESERVE (2005)A HISTORY OF THE FEDERAL RESE…The World Economy (2003)The World EconomyMeasuring The Reaction of Monetary Policy to the Stock Market (2003)Measuring The Reaction of Mon…A simple framework for analysing bull and bear markets (2002)A simple framework for analys…Should Central Banks Respond to Movements in Asset Prices? (2001)Should Central Banks Respond …Monetary Policy and Asset Price Volatility (2000)Monetary Policy and Asset Pri…Inflation Targeting: Lessons from Four Countries (1998)Inflation Targeting: Lessons …Golden Fetters: The Gold Standard and the Great Depression, 1919-39. (1993)Golden Fetters: The Gold Stan…Monetary factors in the great depression (1987)Monetary factors in the great…Asset returns and inflation (1977)Asset returns and inflationA Monetary History of the United States 1867-1960. (1966)A Monetary History of the Uni…America's Great Depression. (1965)America's Great Depression.A General Equilibrium Approach To Monetary Theory (1969)Credit Cycles (1997)The Science of Monetary Policy: A New Keynesian Perspective (1999)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Risk, Uncertainty and Monetary Policy (2011)Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? (2014)Staggered prices in a utility-maximizing framework (1983)The Twin Crises: The Causes of Banking and Balance-of-Payments Problems (1999)House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle (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)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)Inflation Targeting: A New Framework for Monetary Policy? (1997)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)The 1990s in Japan: A Lost Decade (2002)Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others (2003)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Great Expectations and the End of the Depression (2008)The changing role of central banks (2011)A Monetary History of the United States, 1867-1960 (2017)Asset prices and central bank policy (2000)Identification Through Heteroskedasticity (2003)Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements (2004)Globalization and the Gains From Variety (2006)The Quarterly Journal of Economics (2024)Econometric policy evaluation: A critique (1976)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules, discretion and reputation in a model of monetary policy (1983)Zero Bound on Interest Rates and Optimal Monetary Policy (2003)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Permanent and Temporary Components of Stock Prices (1988)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)Uncertainty about Government Policy and Stock Prices (2012)Little Science, Big Science (1963)Bureaucracy and Representative Government (1971)Bank Runs, Deposit Insurance, and Liquidity (1983)Alternative Explanations of the Money-Income Correlation (1986)Macroeconomic Shocks and Their Propagation (2016)Institutions, Institutional Change and Economic Performance (1990)Monitoring the world economy, 1820-1992 (1996)Do Institutions Cause Growth? (2004)Rare Disasters and Asset Markets in the Twentieth Century* (2006)What Have We Learned About the Causes of Corruption from Ten Years of Cross-National Empirical Research? (2007)World Population Prospects The 2006 Revision (2007)
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References

  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,585 cited
  • 1977Asset returns and inflation2,706 cited
  • 2005What Explains the Stock Market's Reaction to Federal Reserve Policy?2,382 cited
  • 2005Asset Prices, Financial and Monetary Stability: Exploring the Nexus1,287 cited
  • 2000Monetary Policy and Asset Price Volatility1,274 cited
  • 2003The World Economy1,186 cited
  • 2001Should Central Banks Respond to Movements in Asset Prices?1,166 cited
  • 1966A Monetary History of the United States 1867-1960.1,147 cited
  • 2003Measuring The Reaction of Monetary Policy to the Stock Market744 cited
  • 2005A HISTORY OF THE FEDERAL RESERVE671 cited
  • 2002A simple framework for analysing bull and bear markets604 cited
  • 1993Golden Fetters: The Gold Standard and the Great Depression, 1919-39.432 cited
  • 1998Inflation Targeting: Lessons from Four Countries377 cited
  • 1987Monetary factors in the great depression286 cited
  • 1965America's Great Depression.232 cited
  • 2005THE GREAT DEPRESSION AS A CREDIT BOOM GONE WRONG

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