Federal Funds Target Rate Surprise and Equity Duration
In this paper I use an equity duration framework to develop and empirically test the hypothesis that returns on growth stock portfolios react more strongly to Federal Funds target rate change announcements, as compared to value stock portfolios. When I decompose the Federal Funds rate change, I find...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | English |
| Published: |
University of North Texas
2013
|
| Subjects: | |
| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc271903/ |