WHY GOOD ECONOMIC-NEWS DEPRESSED STOCK AND BOND PRICES IN 1996

Authors
THORBECKE W COPPOCK L
Citation
W. Thorbecke et L. Coppock, WHY GOOD ECONOMIC-NEWS DEPRESSED STOCK AND BOND PRICES IN 1996, Economics letters, 54(3), 1997, pp. 253-257
Citations number
9
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
54
Issue
3
Year of publication
1997
Pages
253 - 257
Database
ISI
SICI code
0165-1765(1997)54:3<253:WGEDSA>2.0.ZU;2-D
Abstract
In the spring of 1996 good economic news depressed asset prices. This could have occurred because investors feared either inflation or a mon etary contraction. Using a model with time-varying risk this paper pre sents evidence supporting the monetary contraction hypothesis. (C) 199 7 Elsevier Science S.A.