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Three Essays On Financial Markets And Monetary Policy, Abeba Siraj Mussa
Three Essays On Financial Markets And Monetary Policy, Abeba Siraj Mussa
Dissertations
The global financial crisis triggered by fallout from the sub-prime mortgage market in the U.S. has led economists to focus attention on the role of monetary policy in the crisis. The question of how monetary policy affects the financial sector is the key to the current debate over the role financial stability should play in the monetary policy decisions. As a contribution to this debate, my dissertation examines the link between monetary policy and three main financial sectors - the banking sector, the stock market, and the housing market.
The first essay examines whether the Federal Open Market Committee (FOMC) …