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annotated bibliography


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Thorbecke, W., Coppock, L. (1995). Monetary Policy, Stock Returns, and the Role of Credit in the Transmission of Monetary Policy. Retrieved July 9, 2011, from Econpapers http// authors Thorbecke (Resident Scholar at The Jerome Levy Economics Institute of Bard College in 1995) and Coppock (Professor, Department of Economics, Hillsdale College in 1995) conducted the study with the aim to verifying what percentage of the stock market variation can be explained by macroeconomic factors and monetary policy. The study used monthly data from 1974 to 1989 for macroeconomic indicators and for the Fed monetary policy (as independent variables) and used 39 portfolios of 10 value weighted stocks from large cap and small cap categories (as dependent

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