Arin, K.; Molchanov, Alexander; Reich, Otto - In: Empirical Economics 45 (2013) 1, pp. 23-38
The available evidence on the effects of political variables on both returns and volatility of aggregate stock indices is scant and mixed. Applying Bayesian Model Averaging to a panel dataset of 17 parliamentary democracies spanning the post-war period until 1995, we test the robustness of...