This article presents an analysis of the literature on monetary policy and equity volatility. The study analyzed and classified 67 articles that were published from between 2010 to end of 2017 in the databases Web of Science, Science Direct and Springer. The articles were identified using the keywords: 'monetary policy' and 'equity market volatility'. The prominence of reviewed literature is premised on: publication year, geographical/country location, methodology/data, unit of analysis, and statistical technique. Surprise or policy uncertainty was the most researched aspect whereas transparency of relevant monetary institutions and emerging economies received the least attention. Through analysis and classification of the reviewed articles, it was possible to identify the existing gaps in the current literature on monetary policy and equity market volatility; thus, contributing to a future research agenda on the topic. Furthermore, the study could add value to researchers or those working in monetary regulatory institutions and or capital markets; by providing a structured and quantitative overview of existing literature.