共 2 条
- [2] The impact of monetary policy shocks on stock prices: Evidence from Canada and the United States[J] . Journal of International Money and Finance . 2010 (5)
A Study on Interaction between Investor Sentiments,China's Monetary Policy and Stock Market
被引：0
|作者：
Wang Boshi
[1
]
机构：
[1] Beijing University of Posts and Telecommunications
来源：
关键词：
investor sentiment;
monetary policy;
stock market;
D O I：
暂无
中图分类号：
F822.0 [方针政策及其阐述];
F832.51 [];
学科分类号：
020101 ;
020203 ;
020204 ;
1201 ;
摘要：
This paper builds the structure of the vector autoregression( SVAR) model short-term constraints and studies the interactive mechanism of investor sentiment,monetary policy and stock market from 2008 to 2016. The result finds that investor sentiment, currency liquidity and stock market gains a significant asymmetric effect. First,the interaction effects of investor sentiment and stock market are positive feedback mechanism, and investor sentiment significantly affects the stock market in the short term. Furthermore,monetary policy and stock market has a positive role in promoting each other. Finally, investor sentiment shows negative feedback mechanism of monetary policy.
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页码：315 / 321
页数：7
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