Financial Investment and Economic Policy Uncertainty in the UK

被引:4
|
作者
Azqueta-Gavaldon, Andres [1 ]
机构
[1] Glasgow Univ, Adam Smith Business Sch, Rm 101,12 Southpk Terrace, Glasgow G12 8LG, Lanark, Scotland
关键词
Unsupervised machine learning; Latent Dirichlet Allocation (LDA); Economic Policy Uncertainty (EPU); Financial Investment; Forecast;
D O I
10.1145/3109761.3158380
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
UK based financial firms following Brexit reported net disinvestment of 15 billion pounds. This was the fifth time financial disinvestment occurred since the production of this data: 1987. Parallel to this event, Economic Policy Uncertainty (EPU) in the UK experienced its biggest rise during Brexit June 2016. This note studies the relationship between EPU and its particular components and financial investment. I find that overall EPU and specifically fiscal policy, monetary policy, geopolitical, regulation and liquidity uncertainty have the highest negative sensitivity to financial investment.
引用
收藏
页数:4
相关论文
共 50 条
  • [1] Economic policy uncertainty and investment in Spain
    Dejuan-Bitria, Daniel
    Ghirelli, Corinna
    [J]. SERIES-JOURNAL OF THE SPANISH ECONOMIC ASSOCIATION, 2021, 12 (03): : 351 - 388
  • [2] Economic policy uncertainty and investment in Spain
    Daniel Dejuan-Bitria
    Corinna Ghirelli
    [J]. SERIEs, 2021, 12 : 351 - 388
  • [3] Economic policy uncertainty and investment of Russian companies
    Naidenova, Iuliia N.
    Leonteva, Veronika V.
    [J]. VOPROSY EKONOMIKI, 2020, (02): : 141 - 159
  • [4] The economic policy uncertainty and firm investment in Australia
    Wu, Ji
    Zhang, Jing
    Zhang, Shiyu
    Zou, Liping
    [J]. APPLIED ECONOMICS, 2020, 52 (31) : 3354 - 3378
  • [5] Financial reporting under economic policy uncertainty
    Ozili, Peterson Kitakogelu
    [J]. JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2021, 19 (02) : 325 - 338
  • [6] Economic policy uncertainty and financial system efficiency
    Aman, Arfia
    Anwar, Shaista
    Khan, Muhammad Atif
    Haddad, Hossam
    Al-Ramahi, Nidal Mahmoud
    Khan, Mohammed Arshad
    [J]. HELIYON, 2024, 10 (10)
  • [7] Economic policy uncertainty and financial statement comparability
    Dhole, Sandip
    Liu, Li
    Lobo, Gerald J.
    Mishra, Sagarika
    [J]. JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 2021, 40 (01)
  • [8] Does policy uncertainty increase economic and financial uncertainty in China?
    Deng, Chuang
    Zhao, Ke
    Wu, Chao
    [J]. Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice, 2022, 42 (03): : 559 - 574
  • [9] Financial stress, economic policy uncertainty, and oil price uncertainty
    Apostolakis, George N.
    Floros, Christos
    Gkillas, Konstantinos
    Wohar, Mark
    [J]. ENERGY ECONOMICS, 2021, 104
  • [10] Effects of economic policy uncertainty and political uncertainty on business confidence and investment
    Montes, Gabriel Caldas
    Nogueira, Fabiana da Silva Leite
    [J]. JOURNAL OF ECONOMIC STUDIES, 2022, 49 (04) : 577 - 602