The Relationship among Stock Prices, Inflation and Money Supply in the United States

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43906686" target="_blank" >RIV/62156489:43110/15:43906686 - isvavai.cz</a>
Result on the web
<a href="http://www.derivat.sk/files/2015_financne_trhy/FT_Jun_2015_Radim%20Gottwald.pdf" target="_blank" >http://www.derivat.sk/files/2015_financne_trhy/FT_Jun_2015_Radim%20Gottwald.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Relationship among Stock Prices, Inflation and Money Supply in the United States
Original language description
Many researchers have investigated the relationship among stock prices, inflation and money supply in order to find some dependence. The aim of the paper is to assess this relationship in the United States over the period from 2005 to 2014. The dependence of inflation on S&P 500 Index, the dependence of monetary aggregate M1 on S&P 500 Index and the dependence of monetary aggregate M1 on inflation are examined. Author uses linear regression analysis in order to examine the degree of the dependence between variables. The delays when the coefficient of determination is the highest and when it is the lowest are found for each of the three dependences. Results show that the use of linear regression model is the most suitable when the reaction of monetary aggregate M1 on change in inflation is delayed. Understanding the empirical relationship between stock prices and monetary variables such as inflation and money supply can be very useful for academics, investment professional and monetary
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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