Vývoj vztahů mezi makroekonomickými veličinami a cenami na akciových trzích v České republice

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F08%3A%230000141" target="_blank" >RIV/47813059:19520/08:#0000141 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Development of relationship between macroeconomic variables and stock market prices in the Czech Republic

Popis výsledku v původním jazyce

Paper is concerned with causal linkage among real economic variables, money supply and stock market development in the Czech Republic, Poland, Germany, Euro area, and the United Kingdom. The main objective is to investigate and evaluate long-run equilibrium relationships between macroeconomic variables and stock prices as well as short-run dynamics using Vector Error Correction Model in analyzed countries. The empirical part exploits contemporary econometric tools such as unit root tests, Granger causality tests, Johansen Cointegration analysis. In analysis are used quarterly data in the sample period from 1995:Q1 to 2007:Q3. Money supply, national stock market indices and real gross domestic product are used in this study. The results of the analysisfor two new EU-Economies will be compared with empirical observations from developed EU-Countries. Evidence suggests that the responses differ among these countries.

Název v anglickém jazyce

Development of relationship between macroeconomic variables and stock market prices in the Czech Republic

Popis výsledku anglicky

Paper is concerned with causal linkage among real economic variables, money supply and stock market development in the Czech Republic, Poland, Germany, Euro area, and the United Kingdom. The main objective is to investigate and evaluate long-run equilibrium relationships between macroeconomic variables and stock prices as well as short-run dynamics using Vector Error Correction Model in analyzed countries. The empirical part exploits contemporary econometric tools such as unit root tests, Granger causality tests, Johansen Cointegration analysis. In analysis are used quarterly data in the sample period from 1995:Q1 to 2007:Q3. Money supply, national stock market indices and real gross domestic product are used in this study. The results of the analysisfor two new EU-Economies will be compared with empirical observations from developed EU-Countries. Evidence suggests that the responses differ among these countries.

Druh

C - Kapitola v odborné knize

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA402%2F08%2F0067" target="_blank" >GA402/08/0067: Finanční integrace nových členských zemí EU s eurozónou</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2008

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

Finanse wobec sfery realnej gospodarki

ISBN

978-83-7246-593-1

Počet stran výsledku

24

Strana od-do

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Počet stran knihy

303

Název nakladatele

Katovice: Wydaw. AE

Místo vydání

Katowice

Kód UT WoS kapitoly

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