[1] Kuttner K N. Monetary policy surprises and interest rates:Evidence from the fed funds futures market[J]. Journal of Monetary Economics,2001,47(3):523-544.[2] Bernanke B S,Kuttner K N. What explains the stock market's reaction to federal reserve policy?[J]. The Journal of Finance,2005,60(3):1221-1257.[3] He L T. Variations in effects of monetary policy on stock market returns in the past four decades[J]. Review of Financial Economics,2006,15(4):331-349.[4] Chen S S. Does monetary policy have asymmetric effects on stock returns?[J]. Journal of Money Credit & Banking,2007,39(2):667-688.[5] Basistha A,Kurov A. Macroeconomic cycles and the stock market's reaction to monetary policy[J]. Journal of Banking & Finance,2008,32(12):2606-2616.[6] Challe E,Giannitsarou C. Stock prices and monetary policy shocks:A general equilibrium approach[J]. Journal of Economic Dynamics & Control,2011,40(1):46-66.[7] Gospodinov N,Jamali I. The response of stock market volatility to futures-based measures of monetary policy shocks[J]. International Review of Economics & Finance,2015,37(5):42-54.[8] 王培辉. 货币冲击与资产价格波动:基于中国股市的实证分析[J]. 金融研究,2010,(7):59-70.[9] 陈其安,张媛,刘星. 宏观经济环境、政府调控政策与股票市场波动性——来自中国股票市场的经验证据[J]. 经济学家,2010,(2):90-98.[10] 王少林,林建浩,杨燊荣. 中国货币政策与股票市场互动关系测算-基于FAVAR-BL方法的分析[J].国际金融研究,2015,(5):15-25.[11] De Long J B,Shleifer A,Summers L H,et al. Noise Trade Risk in Financial Markets[J]. Journal of Political Economy,1990,98(4):703-38.[12] De Bondt W P M. Betting on trends:Intuitive forecasts of financial risk and return[J]. International Journal of Forecasting,1993,9(3):355-371.[13] Lee W Y,Jiang C X,Indro D C. Stock market volatility,excess returns,and the role of investor sentiment[J]. Journal of Banking & Finance,2002,26(12):2277-2299.[14] Hirshleifer D,Teoh S H. Limited attention,information disclosure,and financial reporting[J]. Journal of Accounting and Economics,2003,36(1-3):337-386.[15] Brown G W,Cliff M T. Investor sentiment and the near-term stock market[J]. Journal of Empirical Finance,2004,11(1):1-27.[16] Baker M,Wurgler J. Investor sentiment and the cross-section of stock returns[J]. Journal of Finance,2006,61(4):1645-1680.[17] Baker M,Wurgler J. Investor sentiment in the stock market[J]. Journal of Economic Perspectives,2007,21(2):129-151.[18] Fisher K L,Statman M. Market timing in regressions and reality[J]. Journal of Financial Research,2006,29(3):293-304.[19] Schmeling M. Investor sentiment and stock returns:some international evidence[J]. Journal of Empirical Finance,2009,16(3):394-408.[20] 王美今,孙建军. 中国股市收益、收益波动与投资者情绪[J]. 经济研究,2004,(10):75-82.[21] 陈鹏程,周孝华. 机构投资者私人信息、散户投资者情绪与IPO首日回报率[J]. 中国管理科学,2016,24(4):37-44.[22] 陆静,周媛. 投资者情绪对股价的影响——基于AH股交叉上市股票的实证分析[J]. 中国管理科学,2015,23(11):21-28.[23] 陈其安,陈亮,赖琴云. 噪音交易、投资者情绪与中国股票市场收益风险[M]. 北京:中国财政经济出版社.[24] 陈其安,朱敏,赖琴云. 基于投资者情绪的投资组合模型研究[J].中国管理科学,2012,23(3):47-56.[25] 张宗新,王海亮. 投资者情绪、主观信念调整与市场波动[J]. 金融研究,2013,(4):142-155.[26] 王春. 投资者情绪对股票市场收益和波动的影响-基于开放式股票型基金资金净流入的实证研究[J]. 中国管理科学,2014,22(9):49-56.[27] 高大良,刘志峰,杨晓光. 投资者情绪、平均相关性与股市收益[J]. 中国管理科学,2015,23(2):10-20.[28] 巴曙松,朱虹. 融资融券、投资者情绪与市场波动[J]. 国际金融研究,2016,(8):82-96.[29] Lutz C. The impact of conventional and unconventional monetary policy on investor sentiment[J]. Journal of Banking & Finance,2015,61:89-105.[30] Kurov A. Investor sentiment and the stock market's reaction to monetary policy[J]. Journal of Banking & Finance,2010,34(1):139-149.[31] Li Jinfang. The asymmetric effects of investor sentiment and monetary policy on stock prices[J]. Applied Economics,2015,47(24):2514-2522.[32] 张前程,杨德才. 货币政策、投资者情绪与企业投资行为[J]. 中央财经大学学报,2015,(12):57-68.[33] Diamond D W,Verrechia R E. Information aggregation in a noisy rational expectations economy[J]. Journal of Financial Economics,1981,9(3):221-235.[34] Hellwig M F. On the aggregation of information in competitive markets[J]. Journal of Economic Theory,1980,22(3):477-498.[35] Holmstrom B,Milgrom P. Aggregation and linearity in the provision of intertemporal incentitives[J]. Econometrica,1987,55(2):303-328.[36] Gervais S,Odean T. Learning to be overconfident[J]. The Review of Financial Studies,2001,14(1):1-27.[37] Kahneman D,Tversky A. Prospect theory:An analysis of decision under risk[J]. Econometrica,1979,47(2),263-291. |