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What is Stock Market and Policy Shocks Analysis about?

This document summarizes a study that examines the effects of fiscal and monetary policy shocks on stock market performance in Germany, the UK, and the US using a structural VAR model. It finds that both fiscal and monetary policies influence stock markets through direct and indirect channels. Most importantly, the interaction between fiscal and monetary policies is found to be very important in explaining stock market developments. The study aims to fill a gap in the literature by considering the effects o

Author

Anonymous XR7iq7

Language

EN