![Politics and the stock market: Evidence from Germany [An article from: European Journal of Political Economy]](https://www.ebooknetworking.net/books/B00/0PA/bigB000PAUPQY.jpg)
Politics and the stock market: Evidence from Germany [An article from: European Journal of Political Economy]
Book Details
Author(s)J. Dopke, C. Pierdzioch
PublisherElsevier
ISBN / ASINB000PAUPQY
ISBN-13978B000PAUPQ2
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from European Journal of Political Economy, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We analyze the interaction of stock market movements and politics in Germany. Evidence from popularity functions and VAR-based evidence suggests that stock market returns have affected the popularity of German governments. We only find weak evidence that the political process has had an impact on the stock market. In contrast to empirical evidence for the U.S., we do not find that German stock market returns tend to be higher during left-wing than during right-wing governments. Also in contrast to results for the U.S., we find no evidence for an election cycle in German stock market returns.
Description:
We analyze the interaction of stock market movements and politics in Germany. Evidence from popularity functions and VAR-based evidence suggests that stock market returns have affected the popularity of German governments. We only find weak evidence that the political process has had an impact on the stock market. In contrast to empirical evidence for the U.S., we do not find that German stock market returns tend to be higher during left-wing than during right-wing governments. Also in contrast to results for the U.S., we find no evidence for an election cycle in German stock market returns.
