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DSpace - Tor Vergata >
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CEIS - Centre for International Studies on Economic Growth >
Quaderni >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/2108/168
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Full metadata record
| DC Field | Value | Language |
|---|
| contributor.author | Becchetti, Leonardo | - |
| contributor.author | Mattesini, Fabrizio | - |
| date.accessioned | 2005-12-07T10:55:14Z | - |
| date.available | 2005-12-07T10:55:14Z | - |
| date.issued | 2001 | - |
| identifier.uri | http://hdl.handle.net/2108/168 | - |
| description.abstract | The paper investigates the relationship between the stock market and the
monetary policy of the Federal Reserve in the last twenty years. To this purpose
we construct an Index of Stock Price Misalignment in which the fundamental
value of the stocks is computed on the basis of the discounted cash flow approach and we then include this index, among the regressors, into a forward looking Taylor rule. Our findings show that the Fed reacts to deviations from fundamental values on the stock exchange by raising the Fed Funds rate. | en |
| format.extent | 74047 bytes | - |
| format.mimetype | application/pdf | - |
| language.iso | en | en |
| publisher | CEIS | en |
| relation.ispartofseries | Quaderni CEIS; 154 | - |
| subject.classification | SECS-P/01; Economia politica | en |
| title | The Stock market and the fed | en |
| type | Article | en |
| subject.jel | D4; Market structure and pricing | en |
| Appears in Collections: | Quaderni
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Files in This Item:
| File |
Description |
Size | Format |
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| 154.pdf | | 72Kb | Adobe PDF | View/Open |
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