This article documents that political factors can be linked to that part of stock prices which cannot be explained by the standard present value models. The nonfundamental component of stock market index appears to be significantly influenced by the political orientation of the president and his...

This paper attempts to compare the impact of Chinese and US economic policy uncertainty (proxied by the EPU index) on the volatility of eleven major stock markets. Both daily data and monthly data are utilized in this empirical research. The analyses comprise two perspectives: one considers the...

This paper investigates if the changes in economic policy uncertainty in the United States can predict the performance of stock markets in South America (Argentina, Brazil, Chile, and Colombia, Peru, and Venezuela). Based on the analyses of monthly returns of the Buenos Aires SE Merval Index...