Bank of Portugal paper assesses unconventional policy
Forward guidance and asset purchases had significant effects on equities markets – researchers
The European Central Bank’s asset purchases and forward guidance significantly affected eurozone equities markets, a working paper published by the Bank of Portugal finds.
In ECB, BoE and Fed monetary-policy announcements: price and volume effects on European securities markets, Eurico Ferreira and Ana Paula Serra use an “event study methodology”. They attempt to measure what impact these three central banks’ announcements had on eurozone bond and equities prices and trading volumes from 2008
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