Assessing the impact of the ECB's monetary policy on the stock markets: A sectoral view

Konstantin Kholodilin (), Alberto Montagnoli (), Oreste Napolitano () and Boriss Siliverstovs

Economics Letters, 2009, vol. 105, issue 3, 211-213

Abstract: This paper shows that the ECB's monetary policy has a heterogeneous impact on the sectoral stock market indexes in the Euro Area. We show that the heteroskedasticity based approach of Rigobon (2003) should be preferred to the event study approach.

Keywords: Monetary; policy; Stock; markets; ECB (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (31)

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Related works:
Working Paper: Assessing the Impact of the ECB's Monetary Policy on the Stock Markets: A Sectoral View (2008)
Working Paper: Assessing the Impact of the ECB's Monetary Policy on the Stock Markets: A Sectoral View (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:3:p:211-213

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