Understanding the relationship between macroeconomic variables and the stock market is important because macroeconomic variables have a systematic effect on stock market returns. This study uses monthly data from India for the period from April 1994 to July 2018 to examine the long-run...

This study examines the time-varying cointegration between the S&P 500 index and real GDP of US using quarterly data for the sample period from 1970Q1 to 2013Q3. The findings reveal that the cointegration relationship between the variables breaks down during the financial crisis period, which is...