Identifying the interdependence between US monetary policy and the stock market

By H. Bjørnland, Kai Leitemo. 2005

444 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b8761652cc1d45ade2e1bf347d4f14cd759b9b16

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Citations in the corpus

The effectiveness of unconventional monetary policy at the zero lower bound : a cross-country analysis (2014, background): “[12] Bjørnland, H and K Leitemo (2009), "Identifying the interdependence between US monetary policy and the stock market", Journal of Monetary Economics, 56, 275-282.”
Identification and estimation of non-Gaussian structural vector autoregressions (2015, methodology): “(2010) who use nonrecursive short-run restrictions, Bjørnland and Leitemo (2009) who consider identification by a combination of short-run and long-run restrictions, and Rigobon and Sack (2004), who base identification on the heteroskedasticity of shocks in high-frequency data. However, short-run re”
The Economics of the Fed Put (2020, unknown): “, Hayford and Malliaris (2004), Fuhrer and Tootell (2008), Bjørnland and Leitemo (2009), Ravn (2012), Hoffmann (2013).”
Global Financial Cycles and Risk Premiums (2018, unknown): “Finally, we also include the center country’s equity prices into the vector of controls as Rigobon and Sack (2004) document that the Fed tends to raise rates when the stock market has gone up and vice versa (also see Bjørnland and Leitemo 2009; Castelnuovo and Nisticò 2010; Chadha et al.”
Stock Market Wealth and the Real Economy: A Local Labor Market Approach (2019, background): “Rigobon and Sack (2003), Bjørnland and Leitemo (2009), and more recently Cieslak and Vissing-Jorgensen (2017) show that monetary policy responds to the 3See also Case et al.(2005; 2011), Campbell and Cocco (2007), Mian and Sufi (2011), Carroll et al. (2011), and Browning et al. (2013), among…”
Stock market conditions and monetary policy in a DSGE model for the U.S. (2010, unknown): “In particular, the federal funds rate increases on impact of about 12 basis points, slightly more than the VAR evidence by Bjørnland and Leitemo (2008). However, while the response of the policy rate to a preference shock decays monotonically and dies out in about 15 periods, a disturbance originati”
Stock market response to monetary and fiscal policy shocks: Multi-country evidence (2013, background): “This gap in understanding remains despite the fact that the theoretical effects of fiscal policy on asset markets have been set out since the late 1960s in papers by Tobin (1969), Blanchard (1981) and Shah (1984).”
How strong is the linkage between tourism and economic growth in Europe (2015, background): “[Insert Table 1 around here] The variables taken into consideration are industrial production, as a proxy of economic growth (similar to Bjørnland and Leitemo, 2009; Laopodis, 2009; Espinoza et al., 2012; Peersman and Van Robays, 2012, among others) and the number of international tourist arrivals…”
Monetary policy and exchange rate overshooting: Dornbusch was right after all* (2009, background): “6 Bjornland and Leitemo (2004) explore, in a similar vein, the use of short and long run restrictions in order to”