Search Results - subject:"STOCK PRICES"

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Evolution of Monetary Policy in the US: The Role of Asset Prices

Simo-Kengne, Beatrice D.; Miller, Stephen M.; Gupta, Rangan - Institut de Préparation à l'Administration et à la … - 2014

monetary policy in relation to housing and stock prices. We measure the relative importance of housing and stock prices in the …

Persistent link: https://www.econbiz.de/10010891043

Fama on bubbles

Engsted, Tom - School of Economics and Management, University of Aarhus - 2014

Eugene Fama has repeatedly expressed his discontent with the notion of an irrational bubble. However, he has never publicly expressed his opinion on rational bubbles. This is peculiar since such bubbles build naturally from the rational efficient markets paradigm that Fama strongly adheres to....

Persistent link: https://www.econbiz.de/10010892066

Learning, Monetary Policy and Asset Prices.

Airaudo, Marco; Nisticò, Salvatore; Zanna, Luis-Felipe - Dipartimento di Scienze Sociali ed Economiche, … - 2014

We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New … consumption is affected by the market value of financial wealth, making stock prices non-redundant for the business cycle. We find … that if the financial wealth channel is sufficiently strong responding to stock prices enlarges the policy space for which …

Persistent link: https://www.econbiz.de/10010900784

The macroeconomic variables are crucial for any change in economy for a country.

Hunjra, Ahmed Imran; Chani, Muhammad Irfan; Shahzad, … - In: International Journal of Economics and Empirical … 2 (2014) 1, pp. 13-21

is to determine the impact of interest rate, exchange rate, and GDP and inflation rate on stock prices in Pakistan. The … run there is significant relationship between macroeconomic variables on stock prices. … causality and cointegration tests are applied on the data to estimate the possible impact of macroeconomic variables on stock …

Persistent link: https://www.econbiz.de/10010902135

Safe Havens, Feedback Loops, and Shock Propagation in Global Asset Prices

Ohnsorge, Franziska; Wolski, Marcin; Zhang, Yuanyan Sophia - International Monetary Fund (IMF) - 2014

We create a network of bilateral correlations of changes in sovereign bond yields and individual bank equity price changes since 2000. We extract some stylized facts from this network of asset price correlations and document the clear differences in asset price correlations between safe havens...

Persistent link: https://www.econbiz.de/10010790300

Stock Market Co-Movement and Exchange Rate Flexibility: Experience of the Republic of Korea

Park, Yung Chul; Park, Hail - Asian Development Bank Institute, Asian Development Bank - 2014

This paper argues that for countries where equity investments dominate cross-border capital flows, the proper framework for analyzing the role of a flexible exchange rate system as a buffer against external shocks is the uncovered stock return parity condition, rather than the uncovered interest...

Persistent link: https://www.econbiz.de/10010840178

House Prices and Stock Prices: Evidence from a Dynamic Heterogeneous Panel in China

Yuan, Nannan; Hamori, Shigeyuki; Chen, Wang - Faculty of Economics, Kobe University - 2014

conclusions. This paper contributes to the literature by analyzing the effects of stock prices on house prices with panel data of … effects by distinguishing between the long- and short-run effects of stock prices. Our main results show that stock prices … that high market openness and low composition risk account for the opposite short-run effects of stock prices. …

Persistent link: https://www.econbiz.de/10010941049

Stock Prices, the Business Cycle and Contingent Change: Evidence from Bloomberg News Market Wraps

Mangee, Nicholas - In: Economics Bulletin 34 (2014) 4, pp. 2165-2178

reported to impact stock prices with a positive relation on some days and a negative one on others. The Bloomberg data show … that, on average, economic considerations matter positively for stock prices during both expansions and contractions, but … data suggests that the connection between macroeconomic news and stock prices is much more unstable than what has been …

Persistent link: https://www.econbiz.de/10011039038

Does Gold Act as a Hedge or a Safe Haven for Stocks? A Smooth Transition Approach

Beckmann, Joscha; Berger, Theo; Czudaj, Robert - Rheinisch-Westfälisches Institut für … - 2014

This study deals with the issue whether gold actually exhibits the function of a hedge or a safe haven as often referred to in the media and academia. In order to test the Baur and Lucey (2010) hypotheses, we contribute to the existing literature by the augmentation of their model to a smooth...

Persistent link: https://www.econbiz.de/10010904077

Volatility spillovers and macroeconomic announcements evidence from crude oil markets

Belgacem, Aymen; Creti, Anna; Guesmi, Khaled; Lahiani, Amine - Institut de Préparation à l'Administration et à la … - 2014

The paper employs an event study methodology to investigate the macroeconomic announcements effects on S&P500 and oil prices. Our results provide evidence of a significant impact of the US macroeconomic news on oil prices. This impact is split into two components, namely the direct effect...

Persistent link: https://www.econbiz.de/10010754757