Arbeitspapier
The Dynamic Interaction between Equity Prices and Supply Shocks
This paper develops a theory of medium term share price movements under slow adjustment in the labour market relative to the share market and perfect foresight in the share market. The model seeks to explain the slow movements in real share prices that have been observed in the OECD countries over the past 130 years. Using 130 years of data for the OECD countries, the empirical evidence indicates that movements in factor shares are crucial determinants of medium-term movements in share prices.
- Sprache
-
Englisch
- Erschienen in
-
Series: EPRU Working Paper Series ; No. 2003-12
- Klassifikation
-
Wirtschaft
Asset Pricing; Trading Volume; Bond Interest Rates
Price Level; Inflation; Deflation
Interest Rates: Determination, Term Structure, and Effects
- Thema
-
share prices
supply shocks
rational expectations
Börsenkurs
Aktienmarkt
Gesamtwirtschaftliches Angebot
Schock
Industriestaaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Madsen, Jakob B.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Economic Policy Research Unit (EPRU)
- (wo)
-
Copenhagen
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Madsen, Jakob B.
- University of Copenhagen, Economic Policy Research Unit (EPRU)
Entstanden
- 2003
Ähnliche Objekte (12)
Energy supply shocks' nonlinearities on output and prices
Debt, equity and the equity price puzzle
Interaction between Supply and Demand Shocks in Production and Employment
The Dynamic Effects of Aggregate Demand, Supply and Oil Price Shocks
Oil price shocks: Demand vs supply in a two-country model
Oil price uncertainty shocks and global equity markets: Evidence from a GVAR model
Oil price shocks
Carbon risk and equity prices
Chinese supply chain shocks
Teleconnected food supply shocks
Chinese supply chain shocks
Capital gains taxes and equity prices
Energy supply shocks' nonlinearities on output and prices
Debt, equity and the equity price puzzle
Interaction between Supply and Demand Shocks in Production and Employment
The Dynamic Effects of Aggregate Demand, Supply and Oil Price Shocks
Oil price shocks: Demand vs supply in a two-country model
Oil price uncertainty shocks and global equity markets: Evidence from a GVAR model
Oil price shocks
Carbon risk and equity prices
Chinese supply chain shocks
Teleconnected food supply shocks
Chinese supply chain shocks
Capital gains taxes and equity prices
Energy supply shocks' nonlinearities on output and prices
Debt, equity and the equity price puzzle
Interaction between Supply and Demand Shocks in Production and Employment
The Dynamic Effects of Aggregate Demand, Supply and Oil Price Shocks
Oil price shocks: Demand vs supply in a two-country model
Oil price uncertainty shocks and global equity markets: Evidence from a GVAR model
Oil price shocks
Carbon risk and equity prices
Chinese supply chain shocks
Teleconnected food supply shocks
Chinese supply chain shocks