On the effects of policy uncertainty on stock prices

Mohsen Bahmani-Oskooee and Sujata Saha ()
Additional contact information
Sujata Saha: Wabash College

Journal of Economics and Finance, 2019, vol. 43, issue 4, No 7, 764-778

Abstract: Abstract A new measure of policy uncertainty that relies upon newspapers’ reporting of any words that contribute to an uncertain environment is constructed and published by Policy Uncertainty Group. In this paper we assess its impact on stock prices in 13 countries for which we were able to locate the required data. We find that in almost all 13 countries, increased uncertainty has adverse short-run effects but not long-run effects on stock prices.

Keywords: Policy uncertainty; Stock prices; 13 countries (search for similar items in EconPapers)
JEL-codes: G10 G38 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://link.springer.com/10.1007/s12197-019-09471-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jecfin:v:43:y:2019:i:4:d:10.1007_s12197-019-09471-x

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/12197/PS2

DOI: 10.1007/s12197-019-09471-x

Access Statistics for this article

Journal of Economics and Finance is currently edited by James Payne

More articles in Journal of Economics and Finance from Springer, Academy of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().