Kang, Wensheng; Ratti, Ronald A. - In: Journal of International Financial Markets, … 26 (2013) C, pp. 305-318
Oil price shocks and economic policy uncertainty are interrelated and influence stock market return. For the U.S. an unanticipated increase in policy uncertainty has a significant negative effect on real stock returns. A positive oil-market specific demand shock (indicating greater concern about...