scholarly journals Financial market segmentation, stock market volatility and the role of monetary policy

2013 ◽  
Vol 63 ◽  
pp. 256-272 ◽  
Author(s):  
Anastasia S. Zervou
2016 ◽  
Vol 285 (5) ◽  
pp. 27-50
Author(s):  
Łukasz Goczek ◽  
Karol Partyka

2019 ◽  
Vol 19 (2) ◽  
Author(s):  
Lena Tonzer

Abstract This paper focuses on the effect of uncertainty as reflected by financial market variables on subjective well-being. The analysis is based on Eurobarometer surveys, covering 18 countries over the period 2000–2013. Individuals report lower levels of life satisfaction in times of higher uncertainty approximated by stock market volatility. This effect is heterogeneous across respondents: the probability of being unsatisfied is higher for respondents who are older, unemployed, less educated, and live in one of the GIIPS countries of the Euro area. Furthermore, higher uncertainty in combination with a financial crisis increases the probability of reporting low values of life satisfaction.


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