کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
983622 1480483 2006 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
US share prices and real supply and demand shocks
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
US share prices and real supply and demand shocks
چکیده انگلیسی

Demand and supply sources of output movement are distinguished and the effects of shocks on stock prices are analysed. The real economy has a more pronounced effect on the stock market than vice versa and the influence from the real economy to the stock market is less important than shocks that are peculiar to the market itself. Supply and demand shocks have a greater impact on stock prices than they do on real economy variables and the sensitivity of real stock prices to supply fluctuations has waned while the sensitivity of real stock prices to demand-driven output fluctuations has increased.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 46, Issue 1, February 2006, Pages 149–167
نویسندگان
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