关于中国资本市场有效性的实证研究An Empirical Study on the Efficiency of Stock Markets of China

2012 ◽  
Vol 02 (03) ◽  
pp. 28-32
Author(s):  
潘 俨
Finance ◽  
2013 ◽  
Vol 34 (2) ◽  
pp. 7
Author(s):  
Achraf Bernoussi ◽  
Sébastien Dereeper ◽  
Armin Schwienbacher

2018 ◽  
Vol 7 (4) ◽  
pp. 179 ◽  
Author(s):  
Deniz Ilalan

Following the famous tapering speech of Bernanke on 2013, US non-farm payroll data became the leading indicator for the monetary policy of Fed. After midst of 2014 Fed shifted its attention to average hourly wage increases which was regarded as the determinant of inflation. As inflation is closely linked with possible increments of Fed funds rate, investors began to follow US wages more closely. We investigate the impact of US wages especially through concentrating on some Post-Socialist European stock markets. As US wages are found to Granger cause these stock exchanges, interestingly with domestic wages, a similar causation relation could not be achieved. This brings out the question whether wages are indeed an indicator for stock markets or not. 


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