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Political Stability and Stock Prices. An Empirical Analysis with Panel Data for EU, Japan and USA (1997–2012)

Georgiou, Miltiades N. - 2014

In the present paper an attempt has been made to estimate how political stability affects stock prices. This analysis refers to EU, Japan and the United States for the period (1997–2012). The findings of present model are in agreement with (Nixon, 2014); (Voth, 2001). The econometric model...

Persistent link: https://www.econbiz.de/10013045298

Does the stock market really cause unemployment? : a cross-country analysis

Pan, Wei-Fong - In: The North American journal of economics and finance : a … 44 (2018), pp. 34-43

Persistent link: https://www.econbiz.de/10012036288

Animal spirits, the stock market, and the unemployment rate : some evidence for German data

Fritsche, Ulrich; Pierdzioch, Christian - 2016 - First version: January 2016

", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger … (2015) for U.S. data, we found that the stock market Granger causes unemployment in the short run and the long run when we … control for a deterministic trend in the unemployment rate. Results of a frequency-domain test show that, in the short run …

Persistent link: https://www.econbiz.de/10011415821

Asset Pricing with Countercyclical Household Consumption Risk

Constantinides, George M. - 2015

We present evidence that shocks to household consumption growth are negatively skewed, persistent, countercyclical, and drive asset prices. We construct a parsimonious model where heterogeneous households have recursive preferences. A single state variable drives the conditional cross-sectional...

Persistent link: https://www.econbiz.de/10013034190