Economic Policy Uncertainty and Investor Sentiment: linear and nonlinear causality analysis

被引：27
|
作者：
Zhang, Bing [1 ]
机构：
[1] Nanjing Univ, Sch Business, Nanjing, Jiangsu, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2019年 / 26卷 / 15期
关键词：
Economic policy uncertainty index; investor sentiment; Granger test; linear; GRANGER CAUSALITY;
D O I：
10.1080/13504851.2018.1545073
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we study the relationship between economic policy uncertainty and investor sentiment. US data were analysed based on linear and non-linear Granger causality analysis. We reveal the obvious impact that economic policy uncertainty has on the investor sentiment, which can be explained by the real option and financial constraint theory.
引用
收藏
页码：1264 / 1268
页数：5
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