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Effects of Monetary Interventions on Equity Markets Pricing: An Analysis by Sectors

P. 301–307.
Rincon C. J.

This study examines the effects of changes in the size of the Fed’s balance sheet on the
value of the S&P500 index by industry sectors during the 2008 – 2022 period, which
includes the 2008 – 2013 and 2020 – 2021 Fed interventions. The results of this study
suggest that stocks in the banking industry within the S&P500 index may be more
positively influenced, while the real estate sector is the most negatively impacted from
changes in the size of the Fed’s balance sheet.

Language: English
Text on another site
Keywords: instrumental variablesquantitative easingTaperingFed’s Balance Sheet

In book

GSOM emerging markets conference 2022 : CONFERENCE BOOK, Saint-Petersburg, 05–08 октября 2022 года
St. Petersburg State University Graduate School of Management, 2022.
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