کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5102208 1479772 2017 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The international REIT's time-varying response to the U.S. monetary policy and macroeconomic surprises
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The international REIT's time-varying response to the U.S. monetary policy and macroeconomic surprises
چکیده انگلیسی
International real estate markets and the ever increasing role of the U.S. economic and policy developments have played a central role both in international portfolio management as well as broader economic policy making. In this paper, we measure the extent of time-varying impact of the U.S. monetary policy and macroeconomic news on the international Real Estate Investment Trusts (REITs) stock returns. Results suggest that there has been significant variation both across time and across countries in the impact of U.S. news on the global REIT stocks. Further, the country's stock market capitalization to GDP ratio has strong connections with the time-varying nature of the impact of the U.S. news on the global REIT stock returns.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The North American Journal of Economics and Finance - Volume 42, November 2017, Pages 640-653
نویسندگان
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