id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajeer-231	Tyagi, Somya; Siddiqui, Sikandar	Yield Curve and Momentum Effects in Monthly U.S. Equity Returns: Some Nonparametric Evidence	2017	7	.pdf	application/pdf	5626	284	45	Since the Federal Reserve Bank can exert considerable influence on the slope of the yield curve by setting the short-term rates at which it provides liquidity to commercial banks, this finding has an important monetary policy implication: Monetary policy actions that have the primary objective of keeping inflation inside (or, at least, near) a pre-defined target range may have the unintended side effect of influencing the likely direction of future stock market returns or even abetting temporarily self-sustaining upward or downward trends in equity market prices. For stock market indexes and exchange trade funds, rather than individual shares, significant momentum effects have been reported, inter alia, by Asness et al. (1996); Richards (1997); Chan et al. (2000) and Tse (2015) among others.	cache/ajeer-231.pdf	txt/ajeer-231.txt