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Local versus global factors weighing on stock market returns during the COVID-19 pandemic
We use stock market returns and a new, weekly available, GDP tracker to estimate a structural VAR identified with long-run restrictions. We find that global ‘news’ contribute more than local ‘news’ shocks to explaining the recent variance of equity returns from developing and small developed countri...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier Inc.
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8994473/ https://www.ncbi.nlm.nih.gov/pubmed/35431680 http://dx.doi.org/10.1016/j.frl.2021.102270 |