This paper gives a comprehensive review of the literature on the interaction between real
stock returns, inflation, and money growth, with a special emphasis on the role of monetary …

We examine the evidence that expected security returns can be forecasted by the term
premium, default premium, and dividend yield, in light of recent findings that similar security …

MUCH OF THE PAST work on the money-stock market relationship centered on the question
of whether money is a leading indicator of stock prices. Studies by Sprinkel [22], Homa and …

The paper analyzes the response of stock prices to the announcements of 15 representative
macroeconomic variables. Stock prices respond primarily to announcements of monetary …

Security Analysis, Portfolio Management, and Financial Derivatives integrates the many
topics of modern investment analysis. It provides a balanced presentation of theories …

Abstract In October 1979 the Federal Reserve altered its operating procedures emphasizing
control of the growth rate of the money stock. Was the Fed able to gain credibility in the …

This study uses Markov switching vector autoregression (MS-VAR) model to explore the
asymmetric effects of China's monetary policy on the stock market in the bull market and the …

This paper investigates the interactions between changes in stock prices and monetary
policy regimes in four emerging Asian countries—Korea, Malaysia, Singapore, and Thailand …

This study estimates the interdependence between South Africa's monetary policy and stock
market performance, utilising structural vector autoregression (SVAR) methodology. The …

IN THIS PAPER WE EXAMINE the unsettled question of why interest rates rose in response
to positive innovations in the money supply during the early and mid-1980s.'Two major …