會議論文
| 學年 | 111 |
|---|---|
| 學期 | 2 |
| 發表日期 | 2023-06-07 |
| 作品名稱 | Stock Market Responses to Monetary Policy Worry: A Further Analysis of the Impact of Monetary Policy on the Stock Market |
| 作品名稱（其他語言） | |
| 著者 | Hsueh, Sheng-ping; Song-Zan Chiou-Wei; Zhen Zhu |
| 作品所屬單位 | |
| 出版者 | |
| 會議名稱 | FMA 2023 European Conference |
| 會議地點 | Aalborg, Denmark |
| 摘要 | Past literature has studied the impact of monetary policy and uncertainty on stock returns. To understand the linkage further, we introduced an additional layer in this relationship by defining a monetary policy worry (MPW) variable to act like a wedge between the stock market response and the underlying monetary policy change and uncertainty based on psychological theory about human behavior in times of uncertainty. For this purpose, we defined and constructed an MPW index and examined the information content of the index. We provided empirical evidence of how stock market returns and volatilities respond to MPW. |
| 關鍵字 | Monetary Policy Worry;Stock Market Return and Volatility;Market Sentiments;Investor Behavior |
| 語言 | en |
| 收錄於 | |
| 會議性質 | 國際 |
| 校內研討會地點 | 無 |
| 研討會時間 | 20230607~20230609 |
| 通訊作者 | |
| 國別 | DNK |
| 公開徵稿 | |
| 出版型式 | |
| 出處 | |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/124587 ) |