Stock Market Indices and Sentiment Indicators: Correlations and Causality

Jordan Jordanov and Marco Valentini

Economic Studies journal, 2013, issue 3, 3-24

Abstract: This paper focuses on the possible causal relationships between the stock market indices and a set of sentiment indicators in seven European Union countries. The results are not univocal. In some countries, the local stock index seems to behave as a leading indicator with reference to most sentiment indicators, while in others the causal nexus seems to be reversed.

JEL-codes: E44 G12 G14 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2013:i:3:p:3-24

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