The effect of quantitative easing on US sector returns
Kristóf Lehmann,
Gábor Neszveda,
Tamás Molnár
Abstract:In this study, we used event analysis to examine whether abnormal returns can be observed for US sector returns at the time when quantitative easing was announced. In our investigation, we sought to identify the sectors in which the amount of money introduced into the economy as a result of quantitative easing. In addition, since the programme is basically implemented by the central bank in order to stabilise the economy, an examination of its effect on the sectors may provide guidance on which segments have r… Show more
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