Macroeconomic Factors Do Influence Aggregate Stock Returns

By F. T. Magiera. 2002

128 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1779520b57d546ccc4218fa2f9b2c4c985b1cee5

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1. Ali M. Kutan
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4. Theophano Patra
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6. J. Fidrmuc

Citations in the corpus

• Economic variables and stock market returns: evidence from the Athens stock exchange (2006, background): “Macroeconomic variables such as inflation, money supply, exchange rates, etc. have been identified as some of the major determinants of stock prices (see for example, Fama, 1981; Chen et al., 1986; Smith and Sims, 1993; Flannery and Protopapadakis, 2002, etc.).”
• The Reaction of Asset Prices to Macroeconomic Announcements in New EU Markets: Evidence from Intraday Data (2009, background): “To our knowledge, Flannery and Protopapadakis (2002) have so far employed the most comprehensive set of local announcements, which includes 17 U.S. macroeconomic data releases.4 However, we believe that financial markets react to all types of macroeconomic news; hence we use a larger set of…”