کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5083804 1477822 2011 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Monetary policy announcements and stock price dynamics in a small open economy
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Monetary policy announcements and stock price dynamics in a small open economy
چکیده انگلیسی
Using a monetary framework with stock markets, this paper investigates dynamic behaviors of a small open economy with various adjustments in the manufacturing prices. For an instantaneous adjustment of the manufacturing prices, stock values and exchange rates may appear to misjump or misadjust at the instant of the monetary policy announcement. When the manufacturing prices adjust sluggishly, exchange rates may overshoot but stock values can exhibit various dynamic patterns, including overshooting or undershooting.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 20, Issue 4, October 2011, Pages 520-531
نویسندگان
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