Effect of FR Security Purchases and M1 on Stock, Bond, and Mortgage Markets

John Heim

Chapter Chapter 12 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 233-245 from Springer

Abstract: Abstract This chapter examines the effect of FR security purchases on stock and credit market prices and always finds a strong positive relationship with bond market prices, but never with stock market prices except for the enormous increase in FR security purchases during the QE years.

Keywords: Federal Reserve; Federal Reserve Securities Purchases; Stock markets; Bond markets; Mortgage markets (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65675-1_12

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DOI: 10.1007/978-3-030-65675-1_12

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