Comment l'incertitude à l'égard de la politique économique peut-elle affecter le marché boursier français dans un environnement riche en données ?

Donia Aloui and Abderrazek Ben Maatoug

Revue d'économie financière, 2023, vol. N° 152, issue 4, 275-288

Abstract: We use the European economic policy uncertainty index proposed by Baker et al. (2016) to examine the effect of the dissemination of information related to economic policy in the euro zone on the behavior of investors in the French stock market. Using a FAVAR model, we show that a decrease in economic policy uncertainty has positive effects on stock prices as well as on the level of the risk premium for the French stock market. JEL classification: C01, C32, C38, E60, G12.

JEL-codes: C01 C32 C38 E60 G12 (search for similar items in EconPapers)
Date: 2023
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