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- W3121201187 abstract "We examine the effects of U.S. federal funds target rate changes and all types of FOMC communication on European and Pacific equity market returns using a GARCH model. We show that both types of news have a significant impact, but that the effects are not symmetric: although several communication variables are statistically significant, target rate changes have an economically more important impact. European markets are influenced by a greater variety of FOMC communications than Pacific markets." @default.
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- W3121201187 date "2009-01-01" @default.
- W3121201187 modified "2023-09-23" @default.
- W3121201187 title "The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets" @default.
- W3121201187 hasPublicationYear "2009" @default.
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