Economic policy uncertainty and stock returns—evidence from the Japanese market
This study examines the impact of changes in economic policy uncertainty (∆EPU) on the Japanese (excess) stock return. Evidence of a negative ∆EPU coefficient implies that heightened economic policy uncertainty (EPU) will cause a decline in stock returns; however, a positive effect in the lagged coe...
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| Format: | Article |
| Language: | English |
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AIMS Press
2020-08-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2020020/fulltext.html |