Responses of the Stock Market to Macroeconomic Announcements Across Economic States /

Is the stock market responsive to macroeconomic news? This paper employs the daily returns of the Dow Jones Industrial Index, the S and P 500 index, the Russell 1000 index, and the Russell 2000 index to examine stock market reactions to a broad list of macroeconomic announcements, including money su...

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Bibliographic Details
Main Author: Hu, Zuliu
Other Authors: Li, Li
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/079
Online Access:Full text available on IMF