Hidden Bibliographic Details
| Other authors / contributors: | Matsuda, Akimi.
International Monetary Fund.
IMF Institute.
|
|---|
| ISBN: | 1283552019
9781283552011
9781451920383
1451920385
1462376894
9781462376896
1452748004
9781452748009
9786613864468
6613864463
|
|---|
| Notes: | Cover title.
"December 2002"--Page 1
At head of title: IMF Institute.
Includes bibliographical references (pages 29-30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | Using daily data for the January 1997 to June 2002 period, we analyze the impact of a broad set of macroeconomic news on stock prices in the United States and Germany. With GARCH specifications we test five hypotheses and find that news on real economic activity has a significant impact on stock prices. The effects vary between different types of stocks and depend on the state of the economy. In a boom period, bad economic news may be good news for stock prices. For German stock prices, international news is at least as important as domestic news. The analysis of bihourly data suggests that the main effect occurs within a short period of time.
|
|---|
| Other form: | Print version: Funke, Norbert. Macroeconomic news and stock returns in the United States and Germany. [Washington, D.C.] : International Monetary Fund, ©2002
|
|---|
| Standard no.: | 10.5089/9781451920383.001
|
|---|
