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Applied Economics Letters Volume 31, 2024 - Issue 1
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Research Article

Financial accelerator, household portfolio, stock prices, and monetary policy shocks

Sedjro Aaron AlovokpinhouMacro-Financial Analysis Group, School of Economics and Finance, University of the Witwatersrand, Johannesburg, South AfricaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0003-2555-7027
ORCID Icon,
Pholile DladlaMacro-Financial Analysis Group, School of Economics and Finance, University of the Witwatersrand, Johannesburg, South Africa
&
Christopher MalikaneMacro-Financial Analysis Group, School of Economics and Finance, University of the Witwatersrand, Johannesburg, South AfricaORCID Iconhttps://orcid.org/0000-0001-7757-3331
ORCID Icon
Pages 31-39 | Published online: 11 Sep 2022

References

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  • Castelnuovo, E., and S. Nisticò. 2010. “Stock Market Conditions and Monetary Policy in a DSGE Model for the US.” Journal of Economic Dynamics & Control 34 (9): 1700–1731. doi:10.1016/j.jedc.2010.06.028.
  • Challe, E., and C. Giannitsarou. 2014. “Stock Prices and Monetary Policy Shocks: A General Equilibrium Approach.” Journal of Economic Dynamics & Control 40: 46–66. doi:10.1016/j.jedc.2013.12.005.
  • Christensen, I., and A. Dib. 2008. “The Financial Accelerator in an Estimated New Keynesian Model.” Review of Economic Dynamics 11 (1): 155–178. doi:10.1016/j.red.2007.04.006.
  • Galí, J., M. Gertler, and J. D. Lopez-Salido. 2001. “European Inflation Dynamics.” European Economic Review 45 (7): 1237–1270. doi:10.1016/S0014-2921(00)00105-7.
  • Nisticò, S. 2012. “Monetary Policy and Stock-Price Dynamics in a DSGE Framework.” Journal of Macroeconomics 34 (1): 126–146. doi:10.1016/j.jmacro.2011.09.008.
  • Rigobon, R., and B. Sack. 2004. “The Impact of Monetary Policy on Asset Prices.” Journal of Monetary Economics 51 (8): 1553–1575. doi:10.1016/j.jmoneco.2004.02.004.

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