Baek, Seungho; Lee, Kwan Yong - In: Cogent economics & finance 10 (2022) 1, pp. 1-12
We examine how monetary policy of the Federal Reserve System, COVID-19 mortality cases, and vaccinations are associated … with the US stock market volatility during the pandemic period. Using the wavelet coherence analysis, we first find that … there is a positive relationship between the volatility and death tolls. Second, while in the short term the sizable …