Aggregate earnings surprises, monetary policy, and stock returns

Aggregate earnings surprises, monetary policy, and stock returns

This paper examines whether the negative association between aggregate earnings and returns is explained by the monetary policy news in aggregate earnings. Using Federal funds futures data to construct a measure of policy news, we find that aggregate earnings convey information about the Fed׳s polic...

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Bibliographic Details
Main Authors: GALLAO, Lindsey A., HANN, Rebecca N., Congcong LI
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Aggregate earnings
Monetary policy
Stock returns
Federal funds futures
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1513
https://ink.library.smu.edu.sg/context/soa_research/article/2540/viewcontent/AggregateEarningsStockReturns_2016.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1513
https://ink.library.smu.edu.sg/context/soa_research/article/2540/viewcontent/AggregateEarningsStockReturns_2016.pdf

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