Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1094
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dc.contributor.authorEkşi, Ozan-
dc.contributor.authorTaş, Bedri Kamil Onur-
dc.date.accessioned2019-05-23T05:53:20Z
dc.date.available2019-05-23T05:53:20Z
dc.date.issued2017-04
dc.identifier.citationEksi, 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.issn1062-9408
dc.identifier.othernumber of pages 12
dc.identifier.urihttps://doi.org/10.1016/j.najef.2017.02.004-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/1094-
dc.description.abstractWe 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.isoenen_US
dc.publisherElsevier Science Incen_US
dc.relation.ispartofNorth American Journal Of Economics And Financeen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectmonetary policyen_US
dc.subjectzero lower bounden_US
dc.subjectlsapen_US
dc.subjectstock marketen_US
dc.titleUnconventional monetary policy and the stock market's reaction to Federal Reserve policy actionsen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.identifier.volume40
dc.identifier.startpage136
dc.identifier.endpage147
dc.authorid0000-0001-5418-777X-
dc.authorid0000-0002-0167-8273-
dc.identifier.wosWOS:000399436800011en_US
dc.identifier.scopus2-s2.0-85014421930en_US
dc.institutionauthorTaş, Bedri Kamil Onur-
dc.institutionauthorEkşi, Ozan-
dc.identifier.doi10.1016/j.najef.2017.02.004-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ2-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairetypeArticle-
item.grantfulltextnone-
crisitem.author.dept04.01. Department of Economics-
crisitem.author.dept04.01. 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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