A structural break approach to analysing the impact of the QE portfolio balance channel on the US stock market
(2019)
Journal Article
Shah, I. H., Schmidt-Fischer, F., Malki, I., & Hatfield, R. (2019). A structural break approach to analysing the impact of the QE portfolio balance channel on the US stock market. International Review of Financial Analysis, 64, 204-220. https://doi.org/10.1016/j.irfa.2019.05.010
Following the 1929 Wall Street collapse, the initial response to the institutional failures and collapsing financial system was to allow the markets to self-correct, which led to a significant period of economic depression. In contrast the US (and UK... Read More about A structural break approach to analysing the impact of the QE portfolio balance channel on the US stock market.