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

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

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.
Original languageEnglish
Title of host publication5th Rsep International Conferences On Social Issues And Economic Studies
EditorsMV Kaya
PublisherBc Grup Inc
Pages20-29
Number of pages10
ISBN (Electronic)978-605-307-788-6
DOIs
Publication statusPublished - 2017
Event5th RSEP International Conferences on Social Issues and Economic Studies - Barcelona, Spain
Duration: 7 Nov 201710 Nov 2017

Conference

Conference5th RSEP International Conferences on Social Issues and Economic Studies
Country/TerritorySpain
CityBarcelona
Period7/11/1710/11/17

Keywords

  • Economic policy uncertainty
  • Oecd
  • Panel Granger causality
  • Stock markets

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