The Causal Relationship Between Stock Markets and Policy Uncertainty in OECD Countries

被引：0
|
作者：
Pirgaip, Burak [1 ]
机构：
[1] Cankaya Univ, Ankara, Turkey
来源：
5TH RSEP INTERNATIONAL CONFERENCES ON SOCIAL ISSUES AND ECONOMIC STUDIES | 2017年
关键词：
Economic policy uncertainty; stock markets; Panel Granger causality; OECD; ECONOMIC-GROWTH; INFERENCE; SHOCKS; IMPACT; POWER;
D O I：
10.19275/RSEPCONFERENCES105
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we examine the causal relationship between economic policy uncertainty (EPU) and stock market prices in OECD countries. We provide strong evidence that stock markets mostly Granger cause EPU. Such causality may also exist in the opposite direction for a few cases and we find no causality in some countries as well. Our results do not provide any support for bidirectional causality.
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页码：20 / 29
页数：10
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