Central Bank COVID-19 Policy and Equities Market Sensitivity in Europe and the U.S.
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F23%3A%230001023" target="_blank" >RIV/04274644:_____/23:#0001023 - isvavai.cz</a>
Result on the web
<a href="https://dpublication.com/journal/IJARME/article/view/1100" target="_blank" >https://dpublication.com/journal/IJARME/article/view/1100</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.33422/ijarme.v6i2.1100" target="_blank" >10.33422/ijarme.v6i2.1100</a>
Alternative languages
Result language
angličtina
Original language name
Central Bank COVID-19 Policy and Equities Market Sensitivity in Europe and the U.S.
Original language description
With the beginning of the COVID-19 pandemic, the Federal Reserve (Fed) as well as the European Central Bank (ECB) have pursued a very expansionary monetary policy to mitigate potential economic impacts. In 2022, inflation fears caused bond yields to rise significantly, and the prevailing academic view is that this environment has a negative impact on stock market performance and high-growth stocks in particular. In this paper the performance of stock markets STOXX Europe 600 and S&P 500 is analysed in relation to the central bank policy from 2020 to 2022. The assumption is that the outperformance of single sectors was due to interest rates and a mean-reversion process will occur in 2022. The results of the paper show no significant correlation between interest rates and sector outperformance but between both indices. On this basis, further research on individual sectors, stocks, and other possible variables such as inflation is recommended.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Applied Research in Management and Economics
ISSN
2538-8053
e-ISSN
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Volume of the periodical
6
Issue of the periodical within the volume
2
Country of publishing house
LT - LITHUANIA
Number of pages
19
Pages from-to
33-51
UT code for WoS article
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EID of the result in the Scopus database
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