On the effects of policy uncertainty on stock prices: an asymmetric analysis
Assessing the impact of policy uncertainty on any macroeconomic variables has recently gained momentum. One recent study that considered its impact on stock returns found that an increase in uncertainty has adverse short-run but not long-run effects. In this study, we show that once the nonlinear ad...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2019-06-01
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| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2019.2.412/fulltext.html |