investigate the relationship between global economic sentiments and domestic income and share prices. Finally, we test whether the … relationships between sentiments, income and share prices in case of the Czech Republic. Our results for the short run suggest that … economic sentiments in general are strongly influenced by share prices and income but also offer some predictive power with …

investigate the relationship between global economic sentiments and domestic income and share prices. Finally, we test whether the …. We also account for eff ects stemming from global income. For these purposes, we apply a restricted cointegrating VAR … short-run dynamics. For the long run we find evidence supporting relationships between sentiments, income and share prices …