Browsing by Author "Zervou, Anastasia S."
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Jansen, Dennis W.; Zervou, Anastasia S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-07-09)The authors study the time varying effects of monetary policy on the stock returns in order to capture changes in the effectiveness of monetary policy over time. They find that a one percentage point surprise federal funds ...
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Jansen, Dennis W.; Zervou, Anastasia S. (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2015-09-01)Generally, stock prices react negatively to unanticipated and restrictive monetary policies. In PERC Working Paper 1505, Jordan Professor of Economics, Dennis W. Jansen, and Anastasia S. Zervou test to what extent surprises ...