Construct · 1 fields · 1 citations

pre-FOMC announcement drift: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
pre-FOMCannouncement drift1 CONSTRUCTPre-FOMC announcementLUCCA · ASSET PRICING

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Asset pricing

large average excess stock returns in the 24 hours before scheduled Federal Open Market Committee announcements.

In asset pricing, pre-FOMC announcement drift refers to large average excess stock returns in the 24 hours before scheduled Federal Open Market Committee announcements. This meaning comes from Lucca (2015) in The Journal of Finance.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructsaverage excess1 fields · 1 citationsanchor · a standalone constructdrift5 fields · 6 citationsjingle · one word, five constructs

References

  1. Lucca, D. O., & Moench, E. (2015). The Pre‐FOMC Announcement Drift. The Journal of Finance, 70(1), 329-371. https://doi.org/10.1111/jofi.12196

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