Research on the Impact of Economic Policy Uncertainty on Investor Sentiment and Stock Prices
DOI:
https://doi.org/10.54097/hbem.v18i.12674Keywords:
Economic policy uncertainty, Stock price, TVP-SV-VAR model.Abstract
This paper focuses on the time-varying relationship between economic policy uncertainty and investor sentiment and stock prices. Firstly, this paper summarizes the research status of the three variables, so as to conduct in-depth research on the basis of the existing research results. This paper selects China's data from 2010-2022 and estimates the TVP-SV-VAR model, finding that economic policy uncertainty not only inhibits investment, but also has a positive impact on investor sentiment and stock prices in some periods.
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