Assessing the impact of the ECB's monetary policy on the stock markets: A sectoral view

C-Tier

Journal: Economics Letters

Year: 2009

Volume: 105

Issue: 3

Pages: 211-213

Authors (4)

Kholodilin, Konstantin (DIW Berlin (Deutsches Institut...) Montagnoli, Alberto (University of Sheffield) Napolitano, Oreste (Università degli Studi di Napo...) Siliverstovs, Boriss (Latvijas Banka)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This paper shows that the ECB's monetary policy has a heterogeneous impact on the sectoral stock market indexes in the Euro Area. We show that the heteroskedasticity based approach of Rigobon (2003) should be preferred to the event study approach.

Assessing the impact of the ECB's monetary policy on the stock markets: A sectoral view

Authors (4)

Abstract

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