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by: L.T. He ![: Variations in effects of monetary policy on stock market returns in the past four decades [An article from: Review of Financial Economics]](http://ecx.images-amazon.com/images/I/51qv7-oeQqL._SL160_.jpg) Availability: Available for download now
Format: HTML Label: Elsevier Manufacturer: Elsevier Publication Date: 2006-01 Publisher: Elsevier Studio: Elsevier Browse for similar items by category: Click to Display Editorial Review: Product Description: This digital document is a journal article from Review of Financial Economics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser. Description: Stock prices are sensitive to monetary policy. However, the sensitivities are not stable over time. A drastic change in monetary policy can alter effects of monetary policy on stock returns. This study finds that stock prices can be affected by current changes, unexpected changes, or near-future changes in the funds/discount rates, due to different policy goals or targets in different periods. Specifically, this study provides empirical evidence that monetary policy influences the stock market in different ways in the 1960s, the 1970s, the Volcker and Greenspan periods. 
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