Released by Policy Uncertainty, the economic policy uncertainty (EPU) index is built on newspaper reports that contribute to uncertain conditions. The present study examines the impact of the EPU index on stock price indices on a selected group of countries. Variations in stock price indices are...

Closed-end fund (CEF) prices often exhibit large and persistent deviations from their associated net asset values (NAVs), which is puzzling considering that NAVs are publicly observable for CEFs, which essentially represent repackaged financial assets. The persistence of these deviations is...