Stock Market Cycles and Supply Side Dynamics: Two Worlds, One Vision?
نویسندگان
چکیده
منابع مشابه
Real Financial Interaction: Integrating Supply Side Wage-Price Dynamics and the Stock Market
The paper puts forward a macrodynamic model of the realnancial interaction. Regarding the nancial sector it focuses on the stock market dynamics, for the real sector it details goods market disequilibrium and two Phillips curves for prices as well as wages. The central link between the two sectors is constituted by Tobin's (average) q. After highlighting the main feedback mechanisms in the real...
متن کاملThe dynamics of EMU stock market cycles before and after the euro
The effects of the introduction of the euro were expected not only on the real convergence of economies but also on stock markets. This paper compares the dynamics and synchronization of stock markets regimes in European markets before and after the launch of the euro. The results show that countries of the euro zone have different dynamics concerning the switching between bull and bear markets...
متن کاملGreed, fear and stock market dynamics
We present a behavioral stock market model in which traders are driven by greed and fear. In general, the agents optimistically believe in rising markets and thus buy stocks. But if stock prices change too abruptly, they panic and sell stocks. Our model mimics some stylized facts of stock market dynamics: (1) stock prices increase over time, (2) stock markets sometimes crash, (3) stock prices s...
متن کاملMarket Dynamics And Stock Price Volatility
This paper presents a possible explanation for some of the empirical properties of asset returns within a heterogeneous-agents framework. The model turns out, even if we assume the input fundamental value follows an simple Gaussian distribution lacking both fat tails and volatility dependence, these features can show up in the time series of asset returns. In this model, the profit comparison a...
متن کاملStock Market Bubbles and Business Cycles: A DSGE Model for the Iranian Economy
T his paper investigates the movement between stock market bubbles and fluctuations in aggregate variables within a DSGE model for the Iranian economy. We apply a new Keynesian monetary framework with nominal rigidity in wages and prices based on the study by Ikeda (2013), which is developed with appropriate framework for the Iranian economy. We consider central bank behavior differe...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2859977