𝔖 Bobbio Scriptorium
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Spendthrift Trusts and Sound Policy


Book ID
124001093
Publisher
Law School, Columbia University
Year
1911
Tongue
English
Weight
281 KB
Volume
11
Category
Article
ISSN
0010-1958

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Monetary policy transmission and real es
✍ Don Bredin; Gerard O'Reilly; Simon Stevenson πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 158 KB

This paper assesses the response of real estate investment trusts (REIT's) to unexpected changes in US monetary policy. A critical element in this study is the use of futures markets to isolate unexpected changes in the policy rate. We find a significant negative response of REIT returns to a surpri