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HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS
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Market anticipation of monetary policy actions and interest rate levels in regards to European asset valuation.

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Essayeh, Yacine ULiège
Promotor(s) : Clerc, Pierrick ULiège
Date of defense : 16-Jan-2024/27-Jan-2024 • Permalink : http://hdl.handle.net/2268.2/19567
Details
Title : Market anticipation of monetary policy actions and interest rate levels in regards to European asset valuation.
Author : Essayeh, Yacine ULiège
Date of defense  : 16-Jan-2024/27-Jan-2024
Advisor(s) : Clerc, Pierrick ULiège
Committee's member(s) : Lejeune, Thomas 
Language : English
Number of pages : 83
Keywords : [en] Anticipation
[en] Monetary policies
[en] Asset price movements
Discipline(s) : Business & economic sciences > Finance
Business & economic sciences > Macroeconomics & monetary economics
Target public : Other
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] This thesis examines the anticipation of asset price movements in response to monetary policy decisions by the European Central Bank (ECB) and the Federal Reserve (Fed) from 2018 to 2023. It focuses on both conventional and unconventional measures. The ECB's main refinancing rate and the Fed's approach to interest rates highlight distinct monetary policy strategies during this period, showcasing flexibility and responsiveness to economic changes. The thesis also delves into the use of quantitative easing by both central banks, underlining their divergent approaches in terms of speed, inflation targeting, and communication. This sets the stage for a deeper investigation into the anticipation phenomenon and its effects on monetary policy, economic sentiment, and asset prices.


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Author

  • Essayeh, Yacine ULiège Université de Liège > Master sc. gest., fin. spéc. banking & asset man.

Promotor(s)

Committee's member(s)

  • Lejeune, Thomas
  • Total number of views 9
  • Total number of downloads 1










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