The impact of U.S. central bank communication on European and pacific equity markets

Bernd Hayo, Ali Kutan and Matthias Neuenkirch

Economics Letters, 2010, vol. 108, issue 2, 172-174

Abstract: We examine the effects of U.S. target rate changes and FOMC communications on European and Pacific equity market returns and find that both have a significant impact. European markets are influenced by a greater variety of communications than Pacific markets.

Keywords: Central; bank; communication; International; equity; markets; Federal; Reserve; Bank; U.S.; monetary; policy (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (49)

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Related works:
Working Paper: The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:172-174

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