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https://hdl.handle.net/20.500.11851/1094
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ekşi, Ozan | - |
dc.contributor.author | Taş, Bedri Kamil Onur | - |
dc.date.accessioned | 2019-05-23T05:53:20Z | |
dc.date.available | 2019-05-23T05:53:20Z | |
dc.date.issued | 2017-04 | |
dc.identifier.citation | Eksi, O., & Tas, B. K. O. (2017). Unconventional monetary policy and the stock market’s reaction to Federal Reserve policy actions. The North American Journal of Economics and Finance, 40, 136-147. | en_US |
dc.identifier.issn | 1062-9408 | |
dc.identifier.other | number of pages 12 | |
dc.identifier.uri | https://doi.org/10.1016/j.najef.2017.02.004 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.11851/1094 | - |
dc.description.abstract | We examine the change in the effect of Federal Reserve's policy actions on stock returns after the Fed started to use unconventional policy actions. We find that the response of stock returns to monetary policy actions are almost seven times higher after the federal funds rate hit the zero lower bound. We conduct additional analysis to examine the underlying causes of the increase in the impact of monetary policy actions of stock returns. We show that investors rebalance their portfolios towards equity after selling Treasury securities to the Federal Reserve during large scale asset purchases. (C) 2017 Elsevier Inc. All rights reserved. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier Science Inc | en_US |
dc.relation.ispartof | North American Journal Of Economics And Finance | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | monetary policy | en_US |
dc.subject | zero lower bound | en_US |
dc.subject | lsap | en_US |
dc.subject | stock market | en_US |
dc.title | Unconventional Monetary Policy and the Stock Market's Reaction To Federal Reserve Policy Actions | en_US |
dc.type | Article | en_US |
dc.department | Faculties, Faculty of Economics and Administrative Sciences, Department of Economics | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | tr_TR |
dc.identifier.volume | 40 | |
dc.identifier.startpage | 136 | |
dc.identifier.endpage | 147 | |
dc.authorid | 0000-0001-5418-777X | - |
dc.authorid | 0000-0002-0167-8273 | - |
dc.identifier.wos | WOS:000399436800011 | en_US |
dc.identifier.scopus | 2-s2.0-85014421930 | en_US |
dc.institutionauthor | Taş, Bedri Kamil Onur | - |
dc.institutionauthor | Ekşi, Ozan | - |
dc.identifier.doi | 10.1016/j.najef.2017.02.004 | - |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.identifier.scopusquality | Q2 | - |
item.openairetype | Article | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | 04.01. Department of Economics | - |
crisitem.author.dept | 04.01. Department of Economics | - |
Appears in Collections: | İktisat Bölümü / Department of Economics Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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