US policy responses to the COVID-19 pandemic and sectoral stock indices: A fractional integration approach
Applied Economics
; 55(3):283-292, 2023.
Article
in English
| Scopus | ID: covidwho-2239516
ABSTRACT
This paper uses fractional integration to assess the impact of US policy responses to the COVID-19 pandemic on 10 US sectoral stock indices from 1 January 2020 to 11 June 2021. The results provide evidence of mean reversion in most cases and suggest that the Effective Federal Funds Rate and monetary and fiscal announcements are the most effective policy tools. © 2022 Informa UK Limited, trading as Taylor & Francis Group.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Applied Economics
Year:
2023
Document Type:
Article
Similar
MEDLINE
...
LILACS
LIS