This paper examines the impact of structural oil price shocks on the covariance of US stock
market return and stock market volatility. We construct from daily data on return and volatility …

Purpose This paper investigates the impact of a change in economic policy uncertainty (Δ
EPU t) and the absolute value of a change in geopolitical risk (| Δ GPR t|) on the returns of …

Sudden changes in economic policy uncertainty (EPU) will produce harmful effects on stock
markets (Antonakakis et al., 2013), which may be categorized into two different channels …

Housing price comovements are an important issue in economics. This study focuses on
monthly housing prices of 99 major cities in China for the years 2010–2019 by using …

This study finds evidence that a rise in economic policy uncertainty (EPU) leads to a decline
in stock returns in Chinese market; however, a positive coefficient was observed in the …

Purpose The purpose of this study is to present evidence as to whether the use of gold or
silver can be justified as an asset to hedge against policy uncertainty and COVID-19 in the …

This paper presents uncertainty hypotheses to explain the negative relationship between
real stock returns and inflation. Testing the real stock return− inflation relationship based on …

China's stock markets have grown rapidly since their inception and have become an
increasingly important emerging market for international investors. However, there are few …

This paper examines the impact of changes in economic policy uncertainty (EPU) and
COVID-19 shock on stock returns. Tests of 16 global stock market indices, using monthly …

This study re-examines the empirical relationship between risk and return from 1994m12 to
2020m08 in fifteen international equity markets employing the novel time-varying Markov …