Siliverstovs, Boriss; Duong, Manh Ha - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
In this study we have addressed the relationship between the stock market, the measure of real economic activity … sentiment indicator, the stock market has certain predictive content for the real economic activity. At the same time, the … latter variable and the stock market. We also have shown that the developments in the national stock markets are explained by …