US Economic Policy Uncertainty and GCC Stock Market Performance
نویسندگان
چکیده
منابع مشابه
Stock Market Uncertainty and the Analysis of Monetary Policy shock
Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...
متن کاملStock Market Uncertainty and Monetary Policy
In this paper we examine the link between stock market uncertainty and monetary policy in the US. There are strong arguments why central banks should account for stock market uncertainty in their strategy. Amongst others, they can maintain the functioning of financial markets and moderate possible economic downswings. To describe the behavior of the Federal Reserve Bank, augmented forward-looki...
متن کاملDoes Monetary Policy Aff ect Stock Market Uncertainty ?
This paper investigates the response of US stock market uncertainty to monetary policy of the Federal Reserve Bank. It can be shown that monetary policy signifi cantly Granger-causes stock market confi dence. By using monthly closing prices of the V IX as a stock market uncertainty proxy and a copula-based Markov approach the stable nonlinear relation between confi dence and uncertainty is demo...
متن کاملNonlinearity and Market Efficiency in Gcc Stock Markets
Significant prediction of asset prices is of a great importance in financial economics. When studying economic and financial phenomena, it is essential to correctly specify the model. If the true dynamics are nonlinear, using linear methods will probably be irrelevant in doing empirical analysis. Existence of nonlinearity in financial markets has been argued by numerous studies. The main object...
متن کاملPolicy risks, technological risks and stock returns: New evidence from the US stock market ¬リニ
a r t i c l e i n f o Keywords: Stock returns Policy risks Technological risks US stock market This study examines the role of policy and technological risk on U.S. stock returns. The results will highlight the effect of economic policy uncertainty on stock returns, given that such uncertainty rose to historically high levels after the recession of 2007–2009. In our case, uncertainty is related...
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: Studies in Business and Economics
سال: 2020
ISSN: 2344-5416
DOI: 10.2478/sbe-2020-0017