Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 赵志鉅教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.iref.2010.10.004 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/4WOS source URL
其它资讯
摘要Using a monetary framework with stock markets, this paper investigates dynamic behaviors of a small open economy with various adjustments in the manufacturing prices. For an instantaneous adjustment of the manufacturing prices, stock values and exchange rates may appear to misjump or misadjust at the instant of the monetary policy announcement. When the manufacturing prices adjust sluggishly, exchange rates may overshoot but stock values can exhibit various dynamic patterns, including overshooting or undershooting. (C) 2010 Published by Elsevier Inc.
着者Chao CC, Hu SW, Tai MY, Wang V
期刊名称INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
出版年份2011
月份10
日期1
卷号20
期次http://aims.cuhk.edu.hk/converis/portal/Publication/4
出版社ELSEVIER SCIENCE BV
页次520 - 531
国际标準期刊号1059-0560
电子国际标準期刊号1873-8036
语言英式英语
关键词Dynamic adjustment; Policy announcement; Stock market
Web of Science 学科类别Business & Economics; Business, Finance; BUSINESS, FINANCE; Economics; ECONOMICS
