U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy

By Frederic S. Mishkin, Eugene N. White. 2002

237 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/37a51ec7372e29e37a94bcaae10f46a693fa1671

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Anish Ghosh
2. C. Julliard
3. Asaf Manela
4. Alan Moreira
5. V. Coudert
6. M. Gex
7. Heikki Lehkonen
8. Ravi Bansal

In Finance

1. Anish Ghosh
2. C. Julliard
3. Asaf Manela
4. Alan Moreira
5. M. Gex
6. Heikki Lehkonen
7. Ravi Bansal

Citations in the corpus

• Stock Market Integration and the Global Financial Crisis (2015, background): “We follow Mishkin and White (2002) and let the dummy receive a value of 1 if the country’s market index drops by more than 20% in a single month during the year in question and is zero otherwise.”
• News Implied Volatility and Disaster Concerns (2017, background): “Many of the market crashes are described in Mishkin and White (2002).”
• Credit Crises, Money and Contractions: An Historical View (2009, unknown): “Stock Market Crashes: Bordo(1985), Bordo, Dueker and Wheelock(2008), Friedman and Schwartz(1963), Mishkin and White(2002), Sprague(1910) Real Estate Busts: Shiller(2005), White(2008).”
• Does risk aversion drive financial crises? Testing the predictive power of empirical indicators (2008, background): “Mishkin and White (2002) identify crises as falls in the price of a security or an index below a certain threshold (set arbitrarily at 20%) over a chosen time period (which may be a week, a month, a year, etc.”
• Whither monetary and financial stability? the implications of evolving policy regimes (2004, unknown): “44 Mishkin, F S (2003): “U.S. stock market crashes and their aftermath: implications for monetary policy”, in W Hunter, G Kaufman and M Pomerleano (eds), Asset Price Bubbles: The Implications for Monetary, Regulatory, and International Policies, MIT press, January, Chapter 6, pp 53-80. Modigliani, F”
• Monetary Policy and Asset Prices: Does 'Benign Neglect' Make Sense? (2002, unknown): “For the U.S. for example, Mishkin and White (2002) document 15 crashes 1900–2000 and 4 from 1970–2000.”