Is the Fed reacting to stock price fluctuations? Evidence from the Internet bubble
Recordon, Eugenie (2006) Is the Fed reacting to stock price fluctuations? Evidence from the Internet bubble. [Dissertation (University of Nottingham only)] (Unpublished)
The second half of the 1990s saw a major bull market in equities in the United States, followed by a bear market that began in Spring 2000. This experience has led a number of academics, journalists, and businesspeople, to question the appropriate monetary policy response to sharp run-up in stock prices. The present study contributes to this line of research by assessing whether the Federal Reserve Bank (Fed) actually took into account stock prices when implementing its monetary policy during the Internet Bubble of the late 1990s.
Actions (Archive Staff Only)