Browsing FGV EPGE - Seminários de Pesquisa Econômica by Subject "Bolsa de valores"

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Macroeconomic announcements, price discovery, and order flow efects in the stock market: evidence from incomplete data and multiple financial markets

Gonzalo Rangel, José
2006-03-06

This paper investigates heterogeneity in the market assessment of public macro- economic announcements by exploring (jointly) two main mechanisms through which macroeconomic news might enter stock prices: instantaneous ...