Asset Returns, Discount Rate Changes, and Market Efficiency

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

Several Tests for Model Specification in the Presence of Alternative Hypotheses

1981 • 1,821 citations

Financial Theory and Corporate Policy.

1980 • 1,814 citations

Financial Theory and Corporate Policy.

1982 • 1,002 citations

Stock Prices and Economic News

1985 • 413 citations

The Reaction of Stock Prices to Unanticipated Changes in Money: A Note

1983 • 184 citations

Public Interpretation of Federal Reserve Discount Rate Changes: Evidence on the "Announcement Effect"

1970 • 168 citations

Market Response to the Weekly Money Supply Announcements in the 1970s

1981 • 166 citations

An Analytical Model of Interest Rate Differentials and Different Default Recoveries

1977 • 66 citations

The impact of discount rate changes on market interest rates

1984 • 62 citations

The Response of Short-Term Interest Rates to Weekly Money Announcements: Note

1983 • 61 citations

The structure of expectations of the weekly money supply announcement

1984 • 41 citations

Discount Rate Changes and Announcement Effects

1977 • 30 citations

Effects of Changes in the Discount Rate on the Foreign Exchange Value of the Dollar: 1973 to 1978

1981 • 24 citations

Controlling Monetary Aggregates: The Discount Window

1983 • 19 citations

The Determinants of Federal Reserve Discount Rate Policy

1975 • 16 citations