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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17757| Title: | Politics and the Stock Market : Evidence from Germany |
| Keywords: | E44 E32 G12 ddc:330 Political business cycle Stock market Germany Börsenkurs Kapitalertrag Politischer Konjunkturzyklus Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | We analyze the interaction of stock market movements and politics in Germany. In contrast to the empirical evidence available for the U.S., we do not find that German stock market returns tend to be higher during liberal than during conservative governments. Also in contrast to results for the U.S., we find no evidence for an election cycle in German stock market returns. However, estimated popularity functions and VARs suggest that stock market returns have had an impact on the popularity of German governments. We find that this result is robust across different VAR specifications and time periods. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17757 |
| Other Identifiers: | http://hdl.handle.net/10419/17757 ppn:387365923 |
| Appears in Collections: | EconStor |
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