Title of article :
Why good economic news depressed stock and bond prices in 1996
Author/Authors :
Thorbecke، نويسنده , , Willem; Coppock، نويسنده , , Lee ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1997
Abstract :
In the spring of 1996 good economic news depressed asset prices. This could have occurred because investors feared either inflation or a monetary contraction. Using a model with time-varying risk this paper presents evidence supporting the monetary contraction hypothesis.
Keywords :
Monetary policy , Time-varying risk
Journal title :
Economics Letters
Journal title :
Economics Letters
