Research Discussion Paper – RDP 2021-04 Monetary Policy, Equity Markets and the Information Effect
Contents
- Introduction
- The Information Effect and Equity Prices
- Literature Review
- Data and Method
- Results
- Policy Rule Changes or Deviations?
- Beyond Board Meetings
- Robustness and Extensions
- Discussion, Limitations and Future Research
- Conclusion
- Appendix A : Data Description
- Appendix B : Regression Output
- Appendix C : Semi-elasticity versus Elasticity
- References
I would like to thank Benjamin Beckers, Leon Berkelmans, James Bishop, Anthony Brassil, Tom Cusbert, Luci Ellis, James Morley, Taylor Nugent, Nick Stenner, Peter Tulip and Benjamin Watson for their useful comments and suggestions. Any errors are the sole responsibility of the author. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank of Australia.