Hang in There : Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures /
The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study analysis and cross-country regressions to assess the di...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2020.
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| Series: | IMF Working Papers; Working Paper ;
No. 2020/285 |
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| Online Access: | Full text available on IMF |