Graduation Year
2017
Date of Submission
12-2016
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Eric Hughson
Terms of Use & License Information
Rights Information
© 2016 Yunyi Wang
Abstract
This paper uses Federal Funds Futures and the industry returns to analyze the Federal Reserve Policy's influence on Wall Street firms. According to the results, Wall Street produces high returns in response to the monetary policy when compared to other industries. While this positive response is consistent to both interest hikes and cuts, there exists significant cross-firm and cross-period variation. Besides, the result is robust to the alternative measure of event days and employment release.
Recommended Citation
Wang, Yunyi, "Does Wall Street Love Federal Reserve?" (2017). CMC Senior Theses. 1468.
https://scholarship.claremont.edu/cmc_theses/1468
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
