Stock prices and macroeconomic variables MDE thesis

... with that of Poon and Taylor (1991) who also observe the interrelationship between macroeconomic factors and stock prices in the U.K. The relationship between stock prices and economic activity ... relationships from the macroeconomic variables to stock prices, and thus they are widely considered to be informationally inefficient. (2) This thesis hypothesizes t...

Ngày tải lên: 27/05/2014, 22:55

... causality between macroeconomic variable and stock price if both H 01 and H 02 are rejected; and (4) no causality between macroeconomic variable and stock price if both H 01 and H 02 are not ... 2005. Can macroeconomic variables explain long term stock market movements? A comparison of the US and Japan, Working Paper. Ibrahim, M., 1999. Macroeconomic Variab...

Ngày tải lên: 27/05/2014, 22:55

... between the variables t Y and t X , and thus they are cointegrated. In other words, t Y and t X are I(1) variables and t u is I(0), which implies that t Y and t X are cointegrated and 2 β ... securities to better understand the link between volume and volatility and its difference at market level and firm level. I calculate the continuously compounded stock...

Ngày tải lên: 27/09/2013, 21:58

... a tricky strategy, and my advice is to do most of your investing and trading during the regular market. In the next chapter, you will learn how to buy and sell stock. UNDERSTANDING STOCK PRICES 53 10381_Sincere_01.c ... detailed stock quote in Figure 5-2, you will see two stock prices, one higher than the other. These are the bid price and the ask price. The bid and ask...

Ngày tải lên: 24/10/2013, 08:20

... much on stock and stock prices. Some studies show that 75 percent of the movement of the stock has very little to do with what the executives actually do. Volcker: This is not just a function of stock ... these companies do? They bought stock. They didn’t sell stock. Some individual companies did. But companies as a whole were buying back stock and not issuing stock. I rem...

Ngày tải lên: 21/12/2013, 01:19

... this statement: count ; NOTE The ++ and – – operators are unary operators, meaning that they take only a single operand. Theyshare the same precedence and left associativity as the ! unary ... Incrementing and Decrementing Variables If you wanted to add 1 to a variable, you could use the + operator: count = ... variable = variable + 1; variable++; variable = variable - 1; va...

Ngày tải lên: 21/01/2014, 15:20

... McGraw-Hill Companies, Inc. All rights reserved. Bond Prices and Yields 10-20 Interest Rate Risk and Maturity 10-21 Malkiel’s Theorems, I. c Bond prices and bond yields move in opposite directions. – ... to: () ⎥ ⎥ ⎥ ⎦ ⎤ ⎢ ⎢ ⎢ ⎣ ⎡ + − + = 2M 2 YTM 1 1 1 YTM 2 YTM 1 Duration Bond ValuePar 10-2 Bond Prices and Yields • Our goal in this chapter is to understand the relationship be...

Ngày tải lên: 15/03/2014, 07:20

... Monetary policy rules and macroeconomic stability: evidence and some theory, Quarterly Journal of Economics 115, 147-180. Corsetti, G., and P. Pesenti (2000), Welfare and macroeconomic interdependence, ... the usual aggregate demand effect of a high real exc hange rate, which promotes export demand and consumption, raising employment, labor costs, and thus domestic producer pr...

Ngày tải lên: 22/03/2014, 17:20

... time series for the …nancial and non-farm business sector. This route is also followed by Christiano et al. (2010), Meh and Moran (2010), Nolan and Thoenissen (2009) and Bernanke et al. (1999). ...  w of randomly chosen labour markets. In these markets, wages are indexed to lagged and average in‡ation according to the rule W t (j) = W t1 (j)  1 w   w t1 ; where  t = P t P t...

Ngày tải lên: 22/03/2014, 21:20