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Discount Rate Changes and Announcement Effects

Author

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  • Raymond E. Lombra
  • Raymond G. Torto

Abstract

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Suggested Citation

  • Raymond E. Lombra & Raymond G. Torto, 1977. "Discount Rate Changes and Announcement Effects," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(1), pages 171-176.
  • Handle: RePEc:oup:qjecon:v:91:y:1977:i:1:p:171-176.
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    File URL: http://hdl.handle.net/10.2307/1883145
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    Citations

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    Cited by:

    1. Hardy, Daniel C., 1996. "Market reaction to changes in German official interest rates," Discussion Paper Series 1: Economic Studies 1996,04, Deutsche Bundesbank.
    2. Pearce, Douglas K & Roley, V Vance, 1985. "Stock Prices and Economic News," The Journal of Business, University of Chicago Press, vol. 58(1), pages 49-67, January.
    3. Michael Smirlock & Jess B. Yawitz, 1984. "Asset Returns, Discount Rate Changes and Market Efficiency," NBER Working Papers 1530, National Bureau of Economic Research, Inc.
    4. Benjamin M. Friedman, 1988. "Targets and Instruments of Monetary Policy," NBER Working Papers 2668, National Bureau of Economic Research, Inc.
    5. Choi, Woon Gyu, 1999. "Estimating the Discount Rate Policy Reaction Function of the Monetary Authority," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(4), pages 379-401, July-Aug..
    6. Antulio N. Bomfim & Vincent Reinhart, 2000. "Making news: financial market effects of Federal Reserve disclosure practices," Finance and Economics Discussion Series 2000-14, Board of Governors of the Federal Reserve System (U.S.).
    7. Daniel L. Thornton, 1996. "The information content of discount rate announcements: what's behind the announcement effect?," Working Papers 1994-032, Federal Reserve Bank of St. Louis.
    8. Reinhart, Vincent & Simin, Timothy, 1997. "The market reaction to federal reserve policy action from 1989 to 1992," Journal of Economics and Business, Elsevier, vol. 49(2), pages 149-168.
    9. Hakkio, Craig S. & Pearce, Douglas K., 1988. "Discount Rate Policy Under Alternative Operating Regimes: An Empirical Investigation," Department of Economics and Business - Archive 259439, North Carolina State University, Department of Economics.
    10. Manfred J.M. Neumann & Jens Weidmann, 1997. "The Information Content of German Discount Rate Changes," Macroeconomics 9706006, University Library of Munich, Germany.

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