Economic policy uncertainty and stock market returns in selected eurozone countries
Küçük Resim Yok
Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
ASERS Publishing House
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The uncertainties in economic policies may affect macroeconomic variables by affecting the decision making process of the economic agents. This paper examines the impact of economic policy uncertainty in selected Eurozone member countries on stock market returns during the period January 2001-December 2014 by using Dumitrescu and Hurlin (2012) panel causality test. The causality results indicated that there was no causality from economic policy uncertainty at both country level and common level to stock markets, but there was causality from stock market to EPU indexes. On the other hand there was bidirectional causality between stock market and dollar/euro exchange rate. © 2015 ASERS Publishing House. All rights reserved.
Açıklama
Anahtar Kelimeler
Economic policy uncertainty, Panel causality test, Stock market returns
Kaynak
Journal of Applied Economic Sciences
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
10
Sayı
1
