QUANTITATIVE EASING, TAPERING AND STOCK MARKET INDICES
Radu Lupu () and
Adrian Cantemir Calin
ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2016, vol. 50, issue 3, 5-23
We investigate a series of unconventional monetary policies put forward by the Federal Reserve in order to fight the economic turbulence that followed the crisis of 2008. Building on our previous work, we study QE and tapering initiatives, focusing on the impact induced on a series of stock indices belonging to both mature and developing markets. A special attention is given to CEE markets. Our results indicate the fact that both the QE policy and the gradual exit from it had serious effects on the dynamics of the considered indices in terms of volatility.
Keywords: quantitative easing; tapering; monetary policy; stock markets (search for similar items in EconPapers)
JEL-codes: G14 G15 E44 E52 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cys:ecocyb:v:50:y:2016:i:3:p:5-23
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