The conventional and informational impacts of monetary policy on the IPO market
Research output: Contribution to journal › Article › peer-review
This paper provides the first investigation of the exogenous monetary shocks’ impact on the IPO market by using a high-frequency identification strategy. Contractionary shocks in the conventional sense trigger a decline in IPO activity. In contrast, contractionary shocks that convey positive economic information trigger a rise in IPO activity. Separating conventional monetary shocks from central bank information shocks allows a richer assessment of the monetary policy’s influence on the IPO market.
|Number of pages||5|
|Early online date||2 Feb 2021|
|Publication status||Published - Mar 2021|