| Record ID | marc_loc_2016/BooksAll.2016.part35.utf8:72398019:1784 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part35.utf8:72398019:1784?format=raw |
LEADER: 01784nam a22002897a 4500
001 2007616257
003 DLC
005 20070717090537.0
007 cr |||||||||||
008 070716s2007 mau sb 000 0 eng
010 $a 2007616257
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aKuttner, Kenneth N.
245 10 $aDo markets care who chairs the central bank?$h[electronic resource] /$cKenneth N. Kuttner, Adam S. Posen.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2007.
490 1 $aNBER working paper series ;$vworking paper 13101
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/16/2007.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper assesses the effects of central bank governor appointments on financial market expectations of monetary policy. To measure these effects, we assemble a new dataset of appointment announcements from 15 countries, and conduct an event study analysis on exchange rates, bond yields, and stock prices. The analysis reveals a significant reaction of exchange rates and bond yields to unexpected appointments. The reactions are not unidirectional, and thus do not suggest new governors suffer from a generic credibility problem. Federal Reserve chairman appointments stand out in terms of their unusually pronounced effects on financial markets"--National Bureau of Economic Research web site.
700 1 $aPosen, Adam S.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13101.
856 40 $uhttp://papers.nber.org/papers/w13101