The Resource Macroeconomic news and stock returns in the United States and Germany, Norbert Funke and Akimi Matsuda

Macroeconomic news and stock returns in the United States and Germany, Norbert Funke and Akimi Matsuda

Label
Macroeconomic news and stock returns in the United States and Germany
Title
Macroeconomic news and stock returns in the United States and Germany
Statement of responsibility
Norbert Funke and Akimi Matsuda
Creator
Contributor
Subject
Genre
Language
eng
Summary
Using daily data for the January 1997 to June 2002 period, we analyze the impact of a broad set of macroeconomic news on stock prices in the United States and Germany. With GARCH specifications we test five hypotheses and find that news on real economic activity has a significant impact on stock prices. The effects vary between different types of stocks and depend on the state of the economy. In a boom period, bad economic news may be good news for stock prices. For German stock prices, international news is at least as important as domestic news. The analysis of bihourly data suggests that the main effect occurs within a short period of time
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.152
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.02/239
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/02/239
Label
Macroeconomic news and stock returns in the United States and Germany, Norbert Funke and Akimi Matsuda
Publication
Note
  • "December 2002"--Page [1]
  • At head of title: IMF Institute
  • Cover title
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 29-30)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647161786
Dimensions
unknown
Extent
1 online resource (30 pages)
File format
one file format
Form of item
online
Isbn
9781451920383
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37172177
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647161786
  • imf1283552019
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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