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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název periodika

Finančné trhy

ISSN

1336-5711

e-ISSN

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Svazek periodika

Neuveden

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

SK - Slovenská republika

Počet stran výsledku

13

Strana od-do

"Neuveden"

Kód UT WoS článku

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EID výsledku v databázi Scopus

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