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The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920 / Douglas Elmendorf, Mary Hirshfeld, David Weil.
- Format:
- Book
- Author/Creator:
- Elmendorf, Douglas.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4234.
- NBER working paper series no. w4234
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Effect of News on Bond Prices
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1992.
- Summary:
- We study the relationship of non-quantitative news to bond prices. We select a set of major news events based solely on their significance as judged by historians, and examine the corresponding bond price movements. We find strong evidence that news has some influence on bond price movements, but we find no evidence that news can explain more than a small fraction of those movements.
- Notes:
- Print version record
- December 1992.
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