Miladifar, Maryam
University
[ 1 ] - Investigating the Effect of Oil Price Shocks on Stock and Gold Prices During Periods of Decline and Increase in Oil Prices
This paper presents a differentiated approach for assessing the effect of oil price changes on gold price and the stock index, during upward and downward movements, using the Markov Switching Bayesian VAR model to analyze data for Iran over the period 2009 to 2016. We study the non-linear relationship between the price of oil and gold and the stock market index during periods of price decrease...
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