IDEAS home Printed from https://ideas.repec.org/p/fip/fedlwp/1984-009.html
   My bibliography  Save this paper

Risk aversion and weekly money: does the market expect the Fed to offset large increases in M1?

Author

Listed:

Abstract

The risk premium hypothesis suggests that absolute changes in short-term interest rates will be larger if the unanticipated component of the Federal Reserve's weekly money supply announcement is positive. Statistical tests suggest, however, that the magnitude of interest rate changes are unrelated to the sign of monetary surprises.

Suggested Citation

  • Michael T. Belongia & Fredric Kolb, 1984. "Risk aversion and weekly money: does the market expect the Fed to offset large increases in M1?," Working Papers 1984-009, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlwp:1984-009
    as

    Download full text from publisher

    File URL: http://research.stlouisfed.org/wp/1984/1984-009.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rik Hafer, 1985. "Further evidence on stock price response to changes in weekly money and the discount rate," Working Papers 1985-015, Federal Reserve Bank of St. Louis.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlwp:1984-009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Oates (email available below). General contact details of provider: https://edirc.repec.org/data/frbslus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.